GGRAsia – Travellers International declares cash dividend

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Travellers International declares cash dividend

May 09, 2017 Newsdesk Latest News, Philippines, Top of the deck

Travellers International declares cash dividend

Travellers International Hotel Group Inc, owner and operator of the Resorts World Manila casino property, on Monday announced the payment of a regular cash dividend worth PHP630.2 million (US$12.6 million), or PHP0.04 per share.

Travellers International is a venture between Philippines-based Alliance Global Group Inc and Genting Hong Kong Ltd.

The dividend will be payable on June 9, to those recorded as shareholders as of the close of business on May 31, the company said.

The dividend is equivalent to 18.5 percent of the company’s net profit in 2016.

Travellers International’s saw its profit slip 15.4 percent in full-year 2016. Such profit was nearly PHP3.40 billion, compared to nearly PHP4.02 billion in the prior-year period.

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