Belle Corp of the Philippines, the parent company of Premium Leisure Corp, an investor in the City of Dreams Manila casino resort, says it will pay a cash dividend of PHP0.12 a share on March 28 to shareholders on record on March 14.
Belle Corp told the Philippine Securities and Exchange Commission on Thursday that the dividend payment would amount to about PHP1.2 billion (US$23.2 million).
Belle Corp owns 78.7 percent of Premium Leisure. The latter company told the Philippine Stock Exchange last Friday that it would pay a cash dividend of PHP0.05024 a share on March 22 to shareholders on record on March 8. The dividend is 14.4 percent more than it paid a year ago.
The Premium Leisure dividend payment will amount to about PHP1.59 billion.
Operator of Asian casinos Melco Resorts and Entertainment Ltd runs the City of Dreams Manila.
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"We’re going to know probably in the next three or four months what the timing is going to be for Osaka"
Chairman and CEO of MGM Resorts International