Jollibee Foods declare P1-B cash dividend
Jollibee Foods Corp.’s board of directors today approved a cash dividend of P1 per share for each common share. With over a billion outstanding shares, the dividend pay-out will cost it some P1 billion.
In a disclosure to the stock exchange, Jollibee Foods said the cash dividend this year is 16.3 percent higher than last year’s when it was only 86 centavos per share.
The cash dividend will be sourced from the company’s unappropriated retained earnings as of 2015.
The cash dividend will be given to shareholders of record as of April 21, 2017 and will be distributed on May 5, 2017.