Philippine casino investor Belle Corporation’s board of directors has approved a declaration of a cash dividend of PHP 0.095 per share, for a total dividend payment of approximately PHP1 billion (US$21.2 million), according to a filing to the Philippines Stock Exchange.
The dividend will be payable on Mar. 29, 2016, to shareholders of record as of Mar. 14, 2016.
Belle Corps’ principal assets lies in buildings and land within PAGCOR’s Entertainment City, currently being leased to Melco Crown’s City of Dreams Manila casino resort. Belle also owns “significant real estate assets in and around Tagaytay City”, which consists of premium residential properties for sale and 800 hectares of land held for future development.