Manila Electric Company Declares Cash Dividend, Payable on September 15, 2021
July 26, 2021 at 12:28 pm IST
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Manila Electric Company at its Board Meeting held on July 26, 2021, approved cash dividends of PHP 5.057 per share to all shareholders of record as at August 23, 2021, payable on September 15, 2021, representing interim regular cash dividend from the first half 2020.
Manila Electric Co. is an electric distribution utility company in the Philippines covering 39 cities and 72 municipalities. The Company operates through two segments: Power and Other Services. The Power segment consists of electricity distribution, power generation and rental electricity services (RES). Electricity distribution includes electricity distribution and supply of power on a pass-through basis covering all captive customers in the MERALCO and the Clark Electric franchise areas in Luzon. The other services segment is involved principally in electricity-related services, such as, electro-mechanical engineering, construction, consulting and related manpower services, e-transaction and bills collection, telecommunications services, rail-related operations and maintenance services, insurance and re-insurance, e-business development, power distribution management, energy systems management and harnessing renewable energy, construction, and leasing of communication towers.