Alliance Global declares P3.18-B cash dividend

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ALLIANCE Global Group Inc. (AGI) said its board of directors has approved the declaration of a cash dividend of 31 centavos per share or a total dividend payout of P3.18 billion to its stockholders.

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“The cash dividends were declared out of the unrestricted retained earnings of the company as of December 31, 2015,” the company said in a disclosure to the Philippine Stock Exchange.

The dividends are payable on September 19 to shareholders on record as of September 5.

AGI is the holding firm of tycoon Andrew Tan’s businesses in property development (Megaworld Corp.); food and beverage manufacture and distribution (Emperador Inc.); quick-service restaurants via the McDonald’s franchise (Green Arches Development Corp.); and integrated tourism development (Travellers International Hotel Group Inc.).

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