Coal and power producer Semirara Mining and Power Corp. (SMPC) said Monday its board of directors has approved a special cash dividend of P1.25 per outstanding common share.
Shareholders of record as of Nov. 4, 2025, will be entitled to the dividend, with an ex-dividend date of Nov. 3. Payment is scheduled for Nov. 20.
“This dividend reflects our commitment to give back to our shareholders whenever our performance allows,” said Maria Cristina Gotianun, SMPC president, chief operating officer and chief sustainability officer.
The new dividend brings SMPC’s total dividend payout for 2025 to P13.8 billion, or 70 percent of its 2024 net income of P19.6 billion.
The amount significantly exceeds the company’s dividend policy of paying out at least 20 percent of the prior year’s earnings.
In April, SMPC also distributed P8.5 billion in regular and special dividends, equivalent to P2 per share.
On a per-share basis, the company’s total annual dividend of P3.25 represents a 10 percent cash dividend yield based on its Oct. 20, 2025, closing price of P34.00.
SMPC earlier reported a 33 percent drop in net income to P4.1 billion in the second quarter of 2025, down from P6.1 billion in the same period last year, mainly attributed to lower coal and electricity prices.
First-half net income also fell 33 percent to P8.4 billion, compared with P12.6 billion in 2024.
SMPC is the largest and most modern coal producer in the Philippines. It is a vertically integrated power generation company that runs on its own fuel.
