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Petron Corporation : Petron Declares Cash Dividend On Preferred, Common Shares

03/07/2012 | 04:46am US/Eastern

Philippine oil refiner Petron Corp. (PCOR.PH) said Wednesday its board approved a cash dividend for both its preferred and common shares.

Petron said holders of preferred shares on record May 18 and on Aug. 16 will receive PHP2.382 a share. The cash dividends for the second and third quarters, which total PHP176.3 million, will be paid on June 5 and Sept. 5, respectively.

For the common shares, Petron stockholders on record April 2 will be entitled to a PHP0.10 a share cash dividend. The dividend, which total PHP937.5 million, will be paid on April 24.

-By Cris Larano, Dow Jones Newswires; 632-848-5051; cris.larano@dowjones.com

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