CLARK FREEPORT — The Clark Development Corporation (CDC) has remitted a total of ₱5.50 billion in cash dividends to the National Government over the past three years, in compliance with Republic Act No. 7656 or the “Dividend Law.”
CDC President and CEO Atty. Agnes VST Devanadera reported that the latest remittance of ₱2.488 billion for dividend year 2024 was turned over to the Bureau of the Treasury on May 14, 2025. The amount represents 71 percent of CDC’s audited net income for the year and marks a 38 percent increase from the ₱1.80 billion remitted in 2023.
The 2024 remittance follows earlier declarations of ₱1.21 billion in 2022 and ₱1.80 billion in 2023, bringing the total dividends declared under the administration of President Ferdinand R. Marcos Jr. to ₱5.50 billion.
The ceremonial turnover of the symbolic remittance cheque was held today, May 22 at the Department of Finance’s Executive Tower in Malate, Manila. Atty. Devanadera, along with Chairperson Atty. Edgardo Pamintuan and other CDC officials, personally presented the cheque to Finance Secretary Ralph Recto.
The CDC chief emphasized the importance of good governance in ensuring that public revenues are translated into tangible benefits for the Filipino people.
“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,” Atty. Devanadera said.
