As of October 21, 2020 12:50 PM PNX Petroleum Last Trade Price: 14 % Change: 4.01 Volume: 3,797,200 Symbol: PNXFind a Station

Dividend Policy and History

Read more about the company's policy on dividends and preferred shares.

Policy

The Company’s dividend policy is to declare dividends of up to 20% of the Company's net income of the previous year after appropriation. This will be taken out of the Company's unrestricted retained earnings.

Each holder of a common share is entitled to such dividends as may be declared in accordance with the Company’s dividend policy. The Company’s current dividend policy entitles holders of common shares to receive dividends based on the recommendation of the Board of Directors. Such recommendations will consider such factors as operating expenses, implementation of business plans, and working capital.

Dividends on Common Shares

Phoenix Fuels Dividend Policy and History

Cash Dividend on
Preferred Shares

Since the issuance of the preferred shares of the Company on September 21, 2010 (the 1st tranche), the Company has declared quarterly dividends fixed at 11.50% per annum, calculated in respect of each share with reference to the Issue Price thereof on each dividend period. This translates to a cash dividend amounting to P2.875 per share per quarter. The cash dividends were paid on September 21, December 21, March 21, and June 21 of each year starting December 21, 2010, until the preferred shares were redeemed on December 20, 2013.

First Tranche

Phoenix Fuels Dividend Policy and History

Second Tranche

Phoenix Fuels Dividend Policy and History

Got questions?


For inquiries from analysts, the financial community, and institutional investors, contact Phoenix Petroleum Philippines, Inc. through:

 

 

Head office
Phoenix Bulk Depot,
Lanang, Davao City
Philippines
Trunkline: (082) 235-8888
Fax: (082) 233-0168

 

 

Manila office
15th to 17th Floors, UDENNA Tower,
Rizal Drive cor. 4th Avenue,
Bonifacio Global City, Taguig,
Metro Manila, Philippines
Trunkline: (02) 8403-4013
Fax: (02) 8403-4021

Or you may also send us an email at info@phoenixfuels.ph