AboitizPower, the power subsidiary of the Aboitiz family, has announced the declaration of regular cash dividends amounting to P1.87 per share.
This is great news for all the stockholders of AboitizPower who are listed as of March 17 as they will be entitled to receive the cash dividend. The dividends will be paid out on March 30, 2023.
The cash dividends will be paid out from its unrestricted retained earnings as of December 31, 2022.
The declaration of cash dividends is a strong indicator of AboitizPower’s financial health, especially in light of the company’s recent financial performance. AboitizPower reported a net income of P19.5 billion for the first nine months of 2022, up 24 percen from the same period in the previous year.
AboitizPower is a leading power generation company in the Philippines, with a portfolio of renewable and thermal power plants spread across the country.
As the Philippines continues to make strides towards a sustainable energy future, AboitizPower is well-positioned to play a leading role in the country’s energy transition.