GMA Network declares P2.430 B cash dividends | - Corporate - Articles

Total dividend payout reaches over P23 B in 11 years

GMA Network declares P2.430 B cash dividends



(Quezon City, Philippines – April 6, 2018) – GMA Network’s Board of Directors approved the declaration of cash dividends totaling P2.430 billion or P0.50 per share, during a meeting held at the GMA Network Center on April 5.

The Network has declared total dividend per share and total dividends amounting to P4.81 and P23.378 billion, respectively, from 2008 to 2018.

The payout date for the dividend will be on May 15, 2018 to shareholders of record as of April 23, 2018.

Since launching its IPO in 2007, GMA Network has been paying out cash dividends equivalent to almost 100 percent of the Company’s net income every year. “We are the only company in the Philippine broadcast industry that has consistently declared cash dividends each year since becoming publicly listed. We are proud to uphold our commitment to provide the best returns to our shareholders,” said GMA Network Chairman and CEO Felipe L. Gozon.

Following the Kapuso Network’s ratings dominance in full year 2017, it managed to sustain its nationwide TV ratings lead in the first quarter of 2018 based on data from Nielsen TV Audience Measurement.

From January to March (with March 25-31 based on overnight data), GMA posted an average total day people audience share of 42.1 percent in the National Urban Television Audience Measurement (NUTAM), beating ABS-CBN’s 38.6 percent by 3.5 points. 

In Urban Luzon, GMA posted a total day average people audience share of 47.4 percent as against ABS-CBN’s 32.4 percent. The Network likewise continued its strong performance in Mega Manila with an average people audience share of 50.3 percent versus its competition’s 28.5 percent from January to March 24, 2018.

GMA also won across all day parts in its bailiwicks, Urban Luzon and Mega Manila, which respectively account for 72 and 59 percent of all urban TV viewers in the country.

Award-winning news magazine program Kapuso Mo, Jessica Soho (KMJS) remained the most watched GMA show nationwide in the first quarter and was followed by primetime drama series Kambal, Karibal.

Joining KMJS and Kambal, Karibal in the list of top-rating programs in NUTAM were Magpakailanman, Super Ma’am, Pepito Manaloto, 24 Oras, Sherlock Jr., All-Star Videoke, Daig Kayo ng Lola Ko, Ika-6 na Utos, 24 Oras Weekend, The One That Got Away, Sirkus, My Korean Jagiya, Imbestigador, Eat Bulaga, and Tadhana.

GMA also dominated the lists in both Urban Luzon and Mega Manila, claiming 21 and 24 spots out of the top 30 shows, respectively.

Nielsen data is gathered through a greater number of sampled homes nationwide in comparison to Kantar Media. With approximately 900 more homes surveyed in Total Urban and Rural Philippines compared to Kantar, Nielsen data is statistically considered more representative of the total TV population.

In 2017, Nielsen TV Audience Measurement increased its client pool to a total of 41 clients/subscribers consisting of 12 local TV networks including TV5, Aksyon TV, CNN Philippines, Net 25, Solar Entertainment Corporation, Viva Communications Inc., among others; 5 regional clients; 2 blocktimers; 21 agencies (18 media agencies, 2 consulting agencies, 1 digital agency); and 1 advertiser.