Synergy Grid & Development Phils., Inc. Approves the Declaration of Cash Dividends for the First Quarter of 2023, Payable on April 13, 2023
March 07, 2023 at 10:02 pm EST
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The Board of Directors of Synergy Grid & Development Phils., Inc. approved on March 8, 2023 the declaration of cash dividends of PHP 0.1737 for the first quarter of 2023 from the Company's unrestricted retained earnings with record date on March 23, 2023 and payment date on April 13, 2023.
Synergy Grid & Development Phils., Inc. is a Philippines-based holding company. The Company is engaged in general construction and other allied businesses. The Company operates through transmission business segment. The Company operates through its transmission services across Luzon, Visayas, and Mindanao. The Company's subsidiaries include OneTaipan Holdings, Inc. (OTHI), Pacifica21 Holdings, Inc. (P21), Monte Oro Grid Resources Corporation (MOGRC), Calaca High Power Corporation (CHPC), and National Grid Corporation of the Philippines (NGCP). The CHPC engages in the general business of operating, managing, maintaining, and rehabilitating energy systems and services from gas, steam, and electricity including related services and business activities. The NGCP operates and maintains a nationwide transmission grid throughout the Philippines to provide open and non-discriminatory access to the transmission system to all authorized electricity distributors and electricity users.