Universal Robina shareholders get P6.8B cash bonanza
The Gokongweis’ Universal Robina Corp. has declared a cash dividend totalling P6.8 billion.
In a disclosure to the stock exchange, Universal Robina said its board of directors approved the declaration of a special cash dividend amounting to P1.50 per share and a regular cash dividend amounting to P1.65 per share.
The cash dividend is payable to common stakeholders as of record date March 1 and will be paid out on March 27.
The dividend payment will come from the company’s unrestricted retained earnings as of December 31, 2016.
The company reported a net income of P15 billion for its 2016 fiscal year from P12 billion in 2015 despite a product recall in Vietnam.