AboitizPower announces dividends; one of the highest in PSE

Aboitiz Power Corp. (AP) board of directors approved dividend payouts of P1.39 per share to all stockholders of record as of the close of business on March 22, 2018, payable on April 12, 2018.

AP stocks closed at P39 per share on the index during the record date (March 22), which translates to a 3.6-percent dividend yield -- one of the highest yield rates in the Philippine Stock Exchange.

For 2017, AboitizPower reported a 2 percent increase in its net income for Php20.4-billion. Removing significant one-offs, the company grew 13% year-on-year, with its core income to Php23.3 billion.

Aboitiz Equity Ventures (AEV), AP’s parent company, meanwhile approved a regular dividend of P1.28 per share for the same record date, also payable on April 12, 2018.

AEV stocks closed at P73.25 per share on the index during the record date, reflecting a yield of 1.7 percent.