Philippines:

Energy Development Corp. Declares Cash Dividends Worth P1.5B (Global Nation)

Energy Development Corp. (EDC), the country’s largest producer of geothermal energy, will pay P1.5 billion in dividends to its shareholders in April.

In a disclosure to the Philippine Stock Exchange on Thursday, EDC said its board of directors approved the declaration of cash dividend of 0.08 centavos per share in favor of preferred shareholders of record as of March 11, 2013.

The board also approved a cash dividend of 8 centavos per share on common shares in favor of common stockholders of record as of March 11, payable on or before April 8.

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