GT Capital Holdings, Inc. Approves Regular Cash Dividend, Payable on April 12, 2024
March 13, 2024 at 03:17 am EDT
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GT Capital Holdings, Inc. approved regular cash dividend of PHP 3.00 payable on semi-annual basis. First payout to be paid to all of GT Capital's common stockholders as of March 27, 2024 ("Record Date"), with April 12, 2024 as the Payment Date and to authorize the President to change the dates as may be required by exigencies. Payment Date is April 12, 2024.
The Board of Directors of GT Capital Holdings, Inc. ("GT Capital"), at its regular meeting held on 13 March 2024, approved Cash Dividends of PHP 8.00/share (PHP 6.00 regular, payable on semi-annual basis and PHP 2.00 as special dividends), amounting t PHP 1,722,276,696.00, in favor of GT Capital's common stockholders of record, to be taken from GT Capital's Unrestricted Retained Earnings (URE) as of 31 December 2023. Second Payout is PHP 3.00 per share (regular) amounting to PHP 645,853,761.00. Exact Dates to be disclosed after the regular meeting of the Board of Directors in August 2024.
GT Capital Holdings, Inc. is a Philippines-based company, which has interests in businesses across banking, property development, infrastructure and utilities, automotive assembly, importation, wholesaling, dealership, and financing, and life and non-life insurance. Its segments include Real estate, which is engaged in real estate and leasing, development and selling of properties of every kind and description, as well as ancillary trading of goods such as petroleum, non-fuel products on wholesale or retail basis; Financial institutions, which are engaged in the banking and insurance industry; Automotive operations, which is engaged in the assembly, manufacture, importation, sale and distribution of all kinds of automobiles including automobile parts, accessories, and instruments; Infrastructure, which is engaged in the water distribution, toll operation, power sector, hospitals and rail; and Others, which is engaged in acquisitions and investments.