The board of GMA Network Inc. approved the declaration of cash dividends totaling P2.430 billion, or P0.50 per share, during a meeting held at the GMA Network Center on April 5.
The network has declared total dividend per share and total dividends amounting to P4.81 and P23.378 billion, respectively, from 2008 to 2018.
The payout date for the dividend is set on May 15, 2018 to shareholders of record as of April 23, 2018.
Since launching an initial public offering in 2007, GMA Network has been paying out cash dividends equivalent to almost 100 percent of the company’s net income every year. “We are the only company in the Philippine broadcast industry that has consistently declared cash dividends each year since becoming publicly listed. We are proud to uphold our commitment to provide the best returns to our shareholders,” said GMA Network chairman and chief executive Felipe Gozon.
The network sustained its nationwide TV ratings lead in the first quarter of 2018 based on data from Nielsen TV Audience Measurement.