{"id":777023292,"date":"2025-02-24T09:51:45","date_gmt":"2025-02-24T12:51:45","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777023292"},"modified":"2026-04-22T01:31:53","modified_gmt":"2026-04-22T04:31:53","slug":"belle-corp-approves-declaration-of-cash-dividends","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/belle-corp-approves-declaration-of-cash-dividends","title":{"rendered":"Belle Corp\u00a0approves declaration of cash dividends"},"content":{"rendered":"\n

The cash dividend amounts to PHP0.06 (US$0.001) per share.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Belle Corp.<\/strong> has announced through a company filing that its board has approved the declaration of cash dividends amounting to PHP0.06 (US$0.001) per share.<\/p>\n\n\n\n

The dividend will be paid to shareholders on record on\u00a0March 7. The payment is expected to be made on\u00a0March 21. Belle expects the total payment to amount to PHP582m.<\/p>\n\n\n\n

Armin Raquel Santos<\/strong>, Belle President and chief executive officer, said: \u201cIn 2024, the Belle Group remained profitable due to the resilience of our businesses, strategic focus and healthy balance sheet. Relying on our tried and tested business models, we worked with our management teams, employees and business partners to provide the finer things in life to our loyal patrons and customers.\u201d<\/p>\n\n\n\n

For the full year 2024, Belle Corp. posted consolidated revenues of PHP5.8m, up 5 per cent from PHP5.6m posted in 2023. The company also recorded a consolidated recurring net income of PHP2.4m, up 7 per cent year-on-year. Meanwhile, its consolidated net income was steady at PHP2.4m, a slight increase versus PHP2.4m in 2023.<\/p>\n\n\n\n

Last July, Premium Leisure (PLC), the parent company Belle Corp., applied for a gaming licence<\/a> from government regulators to develop an integrated resort in Clark. The complex would feature a convention centre and a hotel.<\/p>\n\n\n\n

Belle Corp also has a stake in City of Dreams Manila,<\/strong> which it operates alongside Melco Resorts & Entertainment.<\/p>\n\n\n

<\/p>\n
<\/p>\n

See also:<\/span> Bloomberry secures refinancing loan for Solaire Resort North<\/a><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

The cash dividend amounts to PHP0.06 (US$0.001) per share.<\/p>\n","protected":false},"author":176,"featured_media":777011926,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Belle Corp. has declared a cash dividend of PHP0.06 per share, totaling PHP582m, following a profitable 2024 with consolidated revenues up 5% and recurring net income up 7%. The company's parent, Premium Leisure, is also pursuing a gaming license for a new integrated resort in Clark, further expanding its gaming vertical footprint alongside its stake in City of Dreams Manila.","focusai_entities":"Belle Corp., Armin Raquel Santos, Premium Leisure (PLC), Melco Resorts & Entertainment","focusai_location":"Philippines, Clark, Manila","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Dividend Sustainability Outlook","query":"Given the PHP582m dividend payout and the 7% recurring net income growth, what is Belle Corp.'s projected dividend payout ratio and its long-term sustainability in light of capital expenditure requirements for the Clark integrated resort?"},{"label":"Clark IR Market Impact","query":"How will the proposed integrated resort in Clark, if licensed, differentiate its gaming verticals and non-gaming amenities to capture market share, and what is the projected GGR contribution relative to City of Dreams Manila?"}],"footnotes":""},"categories":[163,16333],"tags":[23326],"class_list":["post-777023292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-belle-corp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777023292"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023292\/revisions"}],"predecessor-version":[{"id":777023316,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023292\/revisions\/777023316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777011926"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777023292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777023292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777023292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}