Emperador declares cash dividend totalling P3M
Andrew Tan’s Emperador Inc. today declared a cash dividend totalling P3 million or 18.65 centavos per share.
In a disclosure to the stock exchange, Emperador said its board of directors declared the regular cash dividend that wil be available to stockholders on record as of April 3, 2017.
The cash dividend will be sourced from the country’s unrestricted earnings as of December 31, 2016 and pay out is scheduled for April 21, 2017.
Emperador bought Fundador brandy in 2015 and completed the purchase early last year. The investment weighed on its bottomline and trimmed the company’s earnings.
Last year, Emperador signed a deal to buy the Domecq brandies and wines from Pernod Ricard to solidify its position in the global brandy market.