Synergy Grid & Development Phils. Inc. announced Thursday that its board approved a second-quarter cash dividend of P1.829 billion from the company’s retained earnings.
In a disclosure to the Philippine Stock Exchange, the company said the dividend was based on money received from National Grid Corporation of the Philippines, Pacifica21 Holdings Inc. and OneTaipan Holdings Inc.
The company approved a dividend of P0.3474 per share for shareholders of record on Sept. 18, 2025, to be paid on Sept. 25, 2025.
Synergy Grid’s sole operating asset is National Grid Corp. of the Philippines (NGCP), the country’s transmission operator. It holds the sole concession and franchise to operate the country’s transmission network, linking power generators and distribution utilities to deliver electricity to distributors and cooperatives nationwide.
NGCP has a 25-year concession and a 50-year congressional franchise to expand and operate the country’s power transmission grid.
Synergy Grid conducted a follow-on offering in November 2021 to comply with NGCP’s franchise.
