The board approved a dividend of one centavo (P0.01) per share, equivalent to P40 million in cash, payable to common shareholders of record as of Aug. 14, 2025.
The dividend payment will be made on Sept. 11, 2025.
“We are delighted to announce our first common dividend to our common shareholders, who are a mix of institutional, retail and foreign investors,” said Gerry P. Magbanua, president of ALTER.
“This is significant as the common dividend declaration, while initially modest, demonstrates ALTER’s financial discipline over the past year. Focused on long-term financial sustainability, this has enabled us to begin delivering value to our investors, both preferred and common shareholders,” he added.
Alternergy perviously paid dividends to its preferred shareholders on Nov. 2024.
The company has a publicly-stated goal to build a 500 Megawatt portfolio by 2026. Its shares jumped as much as 4.85 percent to P1.08 each after announcing the dividend payout.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
