The board of Belle Corp. in a meeting held on February 28, 2019 approved the declaration of a regular cash dividend of P0.12 per share, or a total of P1.2 billion, payable on March 28, 2019 to shareholders of record as of March 14, 2019.
Belle is a developer of tourism and leisure destinations in the Philippines. Its principal asset is the City of Dreams Manila in PAGCOR Entertainment City by Manila Bay, which is being leased on a long-term basis to Melco Resorts and Entertainment (Philippines) Corp.
Belle also has a share in revenues or earnings from City of Dreams Manila’s gaming operations through the operating agreement between its 78.7-percent owned subsidiary, Premium Leisure Corporation, and Melco. Belle also owns approximately one hectare of undeveloped land across from the City of Dreams Manila site.
Belle south of Metro Manila owns significant real estate assets and develops premium residential resort projects around Tagaytay City. Among its exclusive destinations are the club and golf facilities and residential communities of Tagaytay Highlands and Tagaytay Midlands, as well as a further 800 hectares intended for future development.