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; firstname.lastname@example.org