Clark Development Corp. (CDC) said it remitted P5.5 billion in cash dividends to the national government in the past three years, in line with Republic Act No. 7656 or the “Dividend Law.”
CDC president and chief executive Agnes Devanadera said the latest remittance, amounting to P2.48 billion for dividend year 2024, was turned over to the Bureau of the Treasury on May 14, 2025.
The amount represented 71 percent of CDC’s audited net income for the year and reflected a 38-percent increase from the P1.8 billion remitted in 2023.
The 2024 remittance follows earlier declarations of P1.21 billion in 2022 and P1.8 billion in 2023.
CDC handed over a symbolic check to the Department of Finance (DOF) in a ceremonial turnover at the DOFs Executive Tower in Malate, Manila.
“GOCC dividends serve as vital non-tax revenues that empower the government to accelerate infrastructure development, translating into roads, bridges, classrooms, and programs that drive inclusive growth and economic resilience,” Devanadera said.
