Globe Telecom said that its board has approved a cash dividend of P33.50 each common share, following encouraging financial performance results for the first half of the year.

The dividend is payable to shareholders on record as of August 22. Payment date has been set on September 13. Globe’s total cash dividend payments this year has reached P67 each share totaling P8.9 billion, representing 86 percent of the company’s 2012 core net income of P10.3 billion, a 2-percent increase from a year earlier.

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