Tag page - dividends

State-owned companies dividend payments were slashed by more than half in the first nine-months of the year, data from the Department of Finance (DOF) revealed. The DOF reported it collected P53.1 billion from government owned and controlled corporations (GOCCs) in January to September, lower by 60...

The Philippine Ports Authority (PPA) remitted over P17 billion in dividends to the National Government (NG) from 2016 to 2020, more than double the total dividends it remitted in the half decade before the present administration. As of the end of last year, the agency's P17.17 billion total...

The Manila International Airport Authority (MIAA) has remitted a staggering P13.9 billion in dividends to the national government in the first four years of the Duterte administration. DOTr Secretary Arthur Tugade (L) and MIAA General Manager Ed Monreal (Photo from DOTr Facebook page) According to...

Despite a 16 percent fall in its 2020 earnings because of the pandemic, the Philippine Ports Authority (PPA) decided to give P3.5 billion, or 56 percent of its P6.138 billion income, to the national coffers. While the agency is required by law to turn over at least 50 percent of its annual net...