Dividend Policy

The Company returns to its shareholders dividends equivalent to 75%-90% 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.

November 6, 2009

Our Board of Directors amended the dividend payment rate from 75% to a range of 75% to 90% of the prior year's net income.

November 8, 2011

The Board of Directors amended the dividend policy to be based on core instead of reported net income. Pay-out range remains at 75% to 90%.

6 August 2013

The Board of Directors approved the proposed change in the frequency of the cash dividend distribution from semi-annual to quarterly beginning first quarter of 2014.

2009
2011
2013

Historical Dividends

Stock Dividends
On January 29, 2002, our Board of Directors approved the declaration of a 25% stock dividend payable to all common stockholders on record as of April 30, 2002. The stock dividend declaration was approved by the stockholders on April 11, 2002 and approved by the Securities and Exchange Commission in June 2002. A total of 30,379,672 additional common shares were issued in June 2002 as payment for the said stock dividends. The stock dividends were issued at par out of additional paid-in capital.

 

Cash Dividends

COMMON STOCK
DECLARATION DATEPER SHAREAMOUNT
(IN MILLION PESOS)
RECORD DATEPAYABLE DATE
August 7, 201722.753,023.81August 22, 2017September 6, 2017
May 9, 201722.753,023.81May 23, 2017June 7, 2017
February 7, 201722.753,020.28February 21, 2017March 8, 2017
November 4, 2016222,920.44November 18, 2016December 2, 2016
August 2, 2016222,920.69August 16, 2016September 1, 2016
May 4, 2016222,920.66May 19, 2016June 3, 2016
February 5, 2016222,912.80February 22, 2016March 4, 2016
November 6, 201520.752,754.41November 24, 2015December 4, 2015
August 3, 201520.752,754.37August 17, 2015September 2, 2015
May 12, 201520.752,754.35May 26, 2015June 11, 2015
February 5, 201520.752,754.22February 18, 2015March 4, 2015
November 11, 201418.752,488.70November 25, 2014December 11, 2014
August 5, 201418.752,487.68August 19, 2014September 4, 2014
February 10, 201437.54,975.13February 26, 2014 March 20, 2014
August 6, 201333.54,440.94August 22, 2013September 22, 2013
February 5, 201333.54,435.83February 19, 2013March 12, 2013
August 6, 201232.54,302.99August 28, 2012September 18, 2012
February 10, 201232.54,302.74February 24, 2012March 16, 2012
August 8, 2011314,102.80August 22, 2011September 19, 2011
February 8, 2011314,102.80February 22, 2011March 18, 2011
August 3, 2010405,293.94August 17, 2010September 13, 2010
February 4, 2010405,293.93February 19, 2010March 15, 2010
November 6, 2009506,617.28November 20, 2009December 15, 2009
August 4, 2009324,234.98August 19, 2009September 15, 2009
February 3, 2009324,234.89February 17, 2009March 10, 2009
August 5, 200887.511,579.76August 21, 2008September 15, 2008
February 4, 200837.54,962.51February 18, 2008March 13, 2008
November 6, 2007506,616.71November 20, 2007December 17, 2007
August 10, 2007334,362.39August 29, 2007September 14, 2007
February 5, 2007334,359.65February 19, 2007March 15, 2007
July 31, 2006303,961.75August 17, 2006September 12, 2006
February 7, 2006202,638.07February 21, 2006March 15, 2006
August 2, 2005202,637.94August 19, 2005September 14, 2005
February 1, 2005202,798.08February 18, 2005March 15, 2005
August 2, 2004182,518.27August 20, 2004September 15, 2004
January 29, 2004182,518.27February 18, 2004March 14, 2004
April 1, 2003142,126.68April 21, 2003May 6, 2003
VOTING PREFERRED STOCK
DECLARATION DATEPER SHAREAMOUNT
(IN MILLION PESOS)
RECORD DATEPAYABLE DATE
November 4, 20160.232.03November 18, 2016December 2, 2016
November 6, 20150.2133.15November 24, 2015December 4, 2015
November 11, 20140.1726.46November 25, 2014December 11, 2014
November 8, 20130.1523.84November 22, 2013December 8, 2013
December 11, 20120.2133.14December 27, 2012 January 24, 2013
December 15, 20110.2235.3December 29, 2011March 18, 2012
February 8, 20110.2945.4February 22, 2011March 18, 2011
December 4, 20090.3250.49December 18, 2009March 18, 2010
December 2, 20080.3860.64December 18, 2008March 17, 2009
December 7, 20070.3149.45December 18, 2007March 17, 2008
December 11, 20060.4164.67December 31, 2006March 15, 2007
December 15, 20040.4775.13December 31, 2004March 15, 2005
December 13, 20040.4368.33December 31, 2005March 15, 2006

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