CLARK FREEPORT—The Clark Development Corporation (CDC) has remitted a total of P1.207 billion in cash dividends to the national government, another record figure posted by the state-run firm.
CDC President and CEO Atty. Agnes VST Devanadera said on May 22 that the state-run firm remitted the amount to the Bureau of the Treasury on May 15.
The cash dividend for 2022 is the highest single remittance so far from the CDC. It surpassed the remittance of P717 million covering the year 2021 performance.
For the dividend years 2016 to 2022, CDC has remitted a total of P5.932 billion in cash dividends, accounting for 74% of the total remittances amounting to P7.986 billion.
The remittance for the dividend year 2022 of P1.207 billion is 15% of the total remitted cash dividends of P7.986 billion since CDC’s inception in 1993.
The financial performance of CDC recorded its highest levels in 2022 since the state-owned firm started managing the Freeport in 1993.
