By James A. Loyola
Jollibee Foods Corporation’s Board of Directors has approved a cash dividend of ₱0.62 per share of common stock, amounting to about P680 million, for all shareholders of record as of April 27, 2020 (ex-dividend date of April 22, 2020).
This amount represents 50 percent of the cash dividend declared at about the same time last year. Payment date will be on May 22, 2020.
JFC Chief Financial Officer, Mr. Ysmael V. Baysa said “We continue to declare cash dividend even though at significantly reduced amount, as part of our effort to continue serving all our stakeholders even in the middle of a crisis.”
He added that, “We look forward to the recovery of our business in different parts of the world in the months ahead following the trend that we are experiencing in China and Singapore.”
JFC Chief Executive Officer Ernesto Tanmantiong noted that, “We are already planning for the full restoration of our operations. We expect growth to resume even if gradually, driven by our Delivery, Take-Out and Drive Thru business channels.”