The Board of Directors of leading broadcast company GMA Network has approved cash dividends amounting to P1.215 billion at P0.25 centavos per share, during a meeting held at the GMA Network headquarters in Quezon City on March 21.
The record date for the cash dividend is on April 17, while the payment date is on May 14, 2013.
With the approval of the dividend payout, GMA Network Chairman and CEO Atty. Felipe L. Gozon expressed confidence on the company's financial performance this year. "We are confident that we can reach or even surpass our targets this year. In fact, part of our income as of February 2013 has been included in the dividends that we will pay our shareholders," Gozon said.
GMA is set to report its 2012 performance figures at a briefing with media and analysts on March 22 to be attended by the Network's top management.