Cash bonanza: Sid Consunji rewards Semirara Mining shareholders’ loyalty with P14.9 billion dividend

Semirara Mining and Power Corp. (SMPC) is showering its shareholders with cash.

SMPC shareholders will be getting a total of ₱3.50 per share, which breaks down to ₱1.50 as a regular dividend and a special bonus of ₱2.00 per share.

This generous payout totals ₱14.88 billion and comes from SMPC’s leftover earnings from last year.

To qualify for the dividend, you just need to be a shareholder on record by April 10th. The cash will be delivered to your account on April 19.

This dividend is a sweet deal for investors, offering a return of 10% based on the stock’s closing price on March 21.

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