ABS-CBNABS-CBN Corporation declared cash dividends of P0.92 per share to stockholders of record as of March 8, 2018. Dividends are to be paid out on March 22.
Meanwhile, ABS-CBN PDR holders of record as of March 8, 2018 were declared entitled to receive cash amounts. The cash dividends are expected to be received by ABS-CBN Holdings Corporation on March 22, 2018, and the cash amounts will be distributed to entitled PDR holders on the next business day, March 23, 2018. The cash amounts will be determined based on the gross dividends received less the administrative expenses of ABS-CBN Holdings Corporation.
ABS-CBN PDR holders are entitled to economic benefits from the underlying ABSCBN common shares. However, PDR holders do not have voting rights. (CPS)