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News > Semirara Mining Corp. among FinanceAsia's 2010 awardees for Most Committed to a Strong Dividend Policy

Semirara Mining Corp. among FinanceAsia's 2010 awardees for Most Committed to a Strong Dividend Policy

Since 2009, FinanceAsia magazine sponsors a yearly poll to determine the best managed companies in each country in Asia. Each year, the magazine asks investors and analysts s wide range of questions about their views on companies' corporate governance, investor relations, dividend policies and corporate social responsibility. To ensure that each market is represented honestly, the magazine targets regional investors to participate in the poll.

 

On 8 July 2010 ATR KimEng sponsored the awards dinner at the Penininsula Hotel in Makati for "The Best Managed Companies in the Philippines from Finance Asia's 10th Annual Best Managed Company's Poll." Semirara Mining Corporation was among the awardees for "Most Committed to a Strong Dividend Policy." Since its domestic and international shares offering in 2005, the Company has been consistently paying out cash dividends which is more than the adopted dividend policy of 20% of Net Income After Tax.