Top companies give out

TOP companies raised by a fifth the cash reward for their owners last year amid an economic slowdown that has seen more firms slash jobs.

In a statement, the Philippine Stock Exchange (PSE) said cash dividends of publicly held firms grew 18.8 percent to P219.24 billion last year from P184.58 billion in 2007.

The PSE said this reflected an increase in the earnings that listed companies chose to distribute among their owners.

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