PHILIPPINES: San Miguel declares share cash dividend

By | 25 July 2007

San Miguel Corp. has issued details of its latest share dividend payment.

The Philippines' food and beverage conglomerate said yesterday (24 July) that shareholders on record 17 August will be entitled to PHP0.35 per share. The PHP1.12bn (US$25bn) cash dividend will be paid on 10 September.

The news follows the company's recent interest in an investing in ethanol production to supply its spirits arm Ginebra San Miguel. According to local press, San Miguel has been eyeing sugarcane lots in three different provinces in the country and might invest up to PHP16.28bn to build ethanol plants on those sites.

Sectors: Beer & cider

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PHILIPPINES: San Miguel declares share cash dividend

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