Globe declares 4.4% cash dividend

Globe Telecom on Tuesday said its board has approved a cash dividend of P18.75 per share for holders of common shares.

The dividend is payable to shareholders on record as of November 25, while payment date has been set for December 11. The cash dividend represents an annualized dividend yield of approximately 4.4 percent based on the company’s closing share price of P1,685 as of October 31, 2014.