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BORACAY, Philippines — The first weekend of the 2024 Coachella Music and Arts Festival was full of surprise performers which had the Indio, California crowd even more stunned and excited.
Keppel Philippines [KEP 10.50, up 50.0%; 30% avgVol] [link] declared a dividend of P15.14/share, payable on May 22 to shareholders of record on April 29. This dividend has a yield of 216% based on KEP’s pre-declaration share price of P7.00/share. The dividend was made out of unrestricted retained earnings as of March 31, 2024, which included the P6.52 billion KEP was paid by BDO [BDO 147.30, down 1.9%; 129% avgVol] for its interest in the holding company of the Podium Complex in Ortigas Center. KEP is ultimately a subsidiary of the Singapore-based Keppel Group.
Premiere Island Power REIT [PREIT 1.64 unch; 89% avgVol] [link] declared a Q4/23 dividend of P0.0388/share, payable on May 13 to shareholders of record as of April 26. The dividend maintains PREIT’s annualized yield of 9.46%. The total amount of the dividend is P128 million, which is 89% of the P144 million in distributable income that PREIT reported for the quarter. Relative to PREIT's IPO price, the dividend increased PREIT's total stock and dividend return to 23.44%, up from its pre-dividend total return of 20.85%.
MANILA, Philippines — Radio station Wave 89.1 has officially signed off.
NEW YORK, United States — World oil prices sank Monday as traders bet on de-escalation in the Middle East despite a strike on Israel by key crude producer Iran.
MANILA, Philippines — Twenty-four areas in the Philippines are expected to experience scorching temperatures of up to 46 °Celsius (°C) on Tuesday, state weather bureau PAGASA reported.
President Joe Biden has told Ferdinand Marcos Jr that the US-Philippines alliance was «ironclad», stressing that their mutual defence treaty applied to attacks on Filipino armed forces, in a warning to China.
Chinese President Xi Jinping has dispatched a senior official to Pyongyang to reassert China's «deep friendship» with North Korea, as concern rises in Beijing and Washington over Kim Jong Un's blossoming alliance with Russian leader Vladimir Putin.