Globe rewards shareholders with special dividend
The board of Globe Telecom has approved the fourth quarterly distribution of cash dividend of P22.75 per share for holders of its common shares.
The dividend will be paid to shareholders on record as of Nov. 17, 2017, payable on Dec. 1
“The fourth quarter cash dividend payment total is P3 billion, bringing the total dividend distribution for the year to P12 billion for holders of common shares,” said Rizza Maniego-Eala, CFO at Globe.
The approval of the fourth quarter cash dividend came as Globe maintained its strong momentum for the first nine months with consolidated service revenues growing six.percent to a record P95.1 billion.
Mobile revenues rose seven percent to P73.1 billion while the home broadband business grew revenues eight percent to P11.7 billion.