Semirara’s CSR gets high marks

MANILA, Philippines - Semirara Mining Corp. has received high marks for its corporate social responsibility (CSR) program and commitment to a strong dividend policy. FinanceAsia, a Hong Kong-based publication reporting on Asia’s financial and capital markets, recently released the winners of FinanceAsia’s Best Companies in Asia Poll. Semirara Mining Corp. ranked 9th in the Best CSR category and 4th in the Most Committed to a Strong Dividend policy among the publicly listed companies in the Philippines. Semirara, a unit of DMCI Holdings, has over the years been paying over and above its minimum cash dividend policy of 20  percent of its prior year’s audited net income.  Last year, cash dividend payout ratio was at 81 percent or at P12/share.