First Gen LogoThe board of directors of First Gen Corporation on September 19 approved the declaration of cash dividends on the company’s outstanding common shares at P0.35 per share. The cash dividends have a record date of October 12, 2018 and a payment date of October 26. Shares trade ex-dividend (without the dividend) on October 9.
The board also authorized the company to apply for the delisting of its Series F preferred shares (FGENF), which are all in treasury. First Gen fully redeemed FGENF in July 2018.
In the same meeting, the board ratified the appointments of Khairuddin Hyatt Basman, Ma. Cecilia Batalla, Gerald Cajucom, Denise Natalie Mercado and Peter Jason Samonte as vice presidents of the company.