With more than two months to go before Christmas, investors of Semirara Mining and Power Corp. (SCC) already received a nice present from the Consunji-led family.
SCC rewarded its shareholders handsomely with record dividends given its healthy balance sheet.
The company’s board approved a special cash dividend of P3.50 per common share, double the P1.75 declared last year.
The dividends are payable on November 15 to shareholders as of record of October 31. Ex-dividend date will be on October 26.
Last April, SCC paid out P1.50 per share in regular cash dividends.
With the additional special cash dividend, SCC’s total dividend payout to its shareholders for 2022 will be P5 per share, the highest in its corporate history.
It also translates to a cash dividend yield of 12.34 percent based on its October 14 closing price of P40.50.