The Company returns to its shareholders dividends equivalent to 60%-75% of its prior year's core net income.
Dividends declared by the Company on its stocks are payable in cash or in additional shares of stock. As a policy and as much as practicable, Globe observes a 30-day period for the payment of dividends to shareholders from the declaration date of such dividends.
The Board of Directors (BOD) of Globe Telecom regularly reviews the dividend policy, including the frequency of its distribution, taking into account the Company's operating results, cash flows, debt covenants, capital expenditure levels and liquidity.
The payment of dividends in the future will depend upon the earnings, cash flow, and financial condition of the Company and other factors.