SECURITIESAND  EXCHANGE  COMMISSION

Washington, D.C.  20549

 

FORM  6 -K

 

 

REPORT  OF  FOREIGN  PRIVATE  ISSUER

PURSUANT  TO  RULE  13a-16  or15d-16  OF

THE  SECURITIES  EXCHANGE  ACT  OF1934

 

 

Report  on  Form  6-K  dated  July8, 2003

(Commission  File  No.  1-15024)

 

 

 

PHILIPPINE  LONG  DISTANCETELEPHONE  COMPANY

(Name of Registrant)

 

Ramon CojuangcoBuilding
Makati Avenue, Makati City

Philippines       0721

(Address of Principal ExecutiveOfficers)

 

 

            Indicate by check mark whether the registrantfiles or will file annual reports under cover of Form 20-F or Form 40-F:

 

                                            Form 20-F:y                        Form 40-F:  o

 

            Indicate by check mark if the registrant is submittingthe Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (1):

 

                                                       Yes:o                                    No:  y

 

            Indicate by check mark if the registrant issubmitting the Form 6-K in paper as permitted by Regulation by Regulation S-TRule 101 (b) (7):

 

                                                       Yes:o                                    No:  y

            Indicate by check mark whether the registrant byfurnishing the information contained in this form is also thereby furnishingthe  information to the Commission pursuant to Rule 12g3-2(b) under theSecurities Exchange Act of 1934:

 

                                                       Yes:o                                    No:  y

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enclosure:

 

 

 

Acopy of the disclosure letter we sent today to the Philippine Stock Exchangeand the Securities and Exchange Commission regarding cash dividend declarationon the Company’s Series A, I, R, W, AA and BB 10% Cumulative ConvertiblePreferred Stock.       

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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July 8, 2003

 

Philippine Stock Exchange

4/F Philippine Stock Exchange Center

Exchange Road, Ortigas Center

Pasig City

 

Attention:   Atty. Jose G. Cervantes

      SeniorVice President
 

Gentlemen:

 

            In compliance with the disclosure requirementsof the Philippine Stock Exchange, we advise that during the meeting of theBoard of Directors of our Company on July 8, 2003, the following cash dividendswere declared:

 

1.        P1.00 peroutstanding share of the Company’s Series A 10% Cumulative ConvertiblePreferred Stock, for the annual period ending July 31, 2003, payable on August29, 2003 to the holders of record on July 24, 2003.

 

2.        P1.00 peroutstanding share of the Company’s Series I 10% Cumulative ConvertiblePreferred Stock, for the annual period ending July 31, 2003, payable on August29, 2003 to the holders of record on July 24, 2003.

 

3.        P1.00 peroutstanding share of the Company’s Series R 10% Cumulative ConvertiblePreferred Stock, for the annual period ending July 31, 2003, payable on August29, 2003 to the holders of record on July 24, 2003.

 

4.        P1.00 peroutstanding share of the Company’s Series W 10% Cumulative Convertible PreferredStock, for the annual period ending July 31, 2003, payable on August 29, 2003to the holders of record on July 24, 2003.

 

5.        P1.00 peroutstanding share of the Company’s Series AA 10% Cumulative ConvertiblePreferred Stock, for the annual period ending July 31, 2003, payable on August29, 2003 to the holders of record on July 24, 2003.

 

6.        P1.00 peroutstanding share of the Company’s Series BB 10% Cumulative ConvertiblePreferred Stock, for the annual period ending July 31, 2003, payable on August29, 2003 to the holders of record on July 24, 2003.

 

            Thank you.

 

                 Verytruly yours,

 

 

 

MA. LOURDES C. RAUSA-CHAN
Corporate Secretary

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**COVERSHEET**

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**S.E.C. Registration No.**

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**(Company’s Full Name)**

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**(Business Address: No. StreetCity/Town/Province)**

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**ATTY. MA. LOURDES C. RAUSA-CHAN**

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**814-3552**

                                       ContactPersonCompany Telephone Number

 

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**1**

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**DIVIDEND ADVICE**

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**0**

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**6**

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**Every 2nd**

**Tuesday**

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**MonthDay                                                  FORMTYPEMonth                     Day**

**Fiscal Year                                                                                                                                    AnnualMeeting**

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**N/A**

**Dept. Requiring thisDoc.            Amended Articles Number/Section**

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**Total Amount of Borrowings**

**15,990**

**As of March 31, 2003**

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N/A

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N/A

**Total No.of StockholdersDomestic                                 Foreign**

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To be accomplished by SECPersonnel concerned
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**File Number                                                                       ____________________________________**

**LCU**

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**Document I.D.                                                                   ____________________________________**

**Cashier**

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STAMPS
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**Remarks: Please use black ink forscanning purposes.**

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**SECURITIES AND EXCHANGE COMMISSION**

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**CURRENT REPORT UNDER SECTION 17**

**OF THE SECURITIES REGULATION CODE**

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1. July 8,2003_______________

****Date of Report (Date of earliestevent reported)

 

2.SEC Identification Number _____PW-55 ____   3.  BIR Tax IdentificationNo. ____000-488-793   ___

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4.Philippine Long Distance Telephone Company            ______________________________________

****Exact name of registrant asspecified in its charter

 

5.  Philippines        ___________________________            6.            (SEC Use Only)

Province, country or other jurisdiction orIndustry Classification Code:

Incorporation

 

7.Makati Avenue, Makati City, Philippines           ____________________________________

Address of principal officePostal Code

 

8.(632) 814-3664    ___________________________________________________________________

Registrant’s telephone number, including area code

 

9.Not Applicable______________________________________________________________________

Former name or former address, if changed since last report

 

10.Securities registered pursuant to Sections 8 and 12 of the SecuritiesRegulation Code

 

Title of Each Class                                 Numberof Shares of Common Stock

Outstanding and Amount of Debt Outstanding

 

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____________________________________________________________________________________

 

____________________________________________________________________________________

 

11.Indicate the item numbers reported herein: _____________________________________________

 

 

 

 

 

 

 

 

 

Incompliance with Section 17.1 (b) of the Securities Regulation Code, we disclosethat the Board of Directors of the Company, at its meeting held on July 8, 2003declared the following cash dividends:

 

1.     P1.00 peroutstanding share of the Company’s Series A 10% Cumulative ConvertiblePreferred Stock, for the annual period ending July 31, 2003, payable on August29, 2003 to the holders of record on July 24, 2003.

 

2.     P1.00 peroutstanding share of the Company’s Series I 10% Cumulative ConvertiblePreferred Stock, for the annual period ending July 31, 2003, payable on August29, 2003 to the holders of record on July 24, 2003.

 

3.     P1.00 peroutstanding share of the Company’s Series R 10% Cumulative ConvertiblePreferred Stock, for the annual period ending July 31, 2003, payable on August29, 2003 to the holders of record on July 24, 2003.

 

4.     P1.00 peroutstanding share of the Company’s Series W 10% Cumulative ConvertiblePreferred Stock, for the annual period ending July 31, 2003, payable on August29, 2003 to the holders of record on July 24, 2003.

 

5.     P1.00 peroutstanding share of the Company’s Series AA 10% Cumulative ConvertiblePreferred Stock, for the annual period ending July 31, 2003, payable on August29, 2003 to the holders of record on July 24, 2003.

 

6.     P1.00 peroutstanding share of the Company’s Series BB 10% Cumulative ConvertiblePreferred Stock, for the annual period ending July 31, 2003, payable on August29, 2003 to the holders of record on July 24, 2003.

 

 

            Pursuant to therequirements of the Securities Regulation Code, the Company has duly causedthis Report to be signed on its behalf by the undersigned hereunto dulyauthorized.

 

 

 

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
 

 

By:

 

MA. LOURDES C. RAUSA-CHAN

Corporate Secretary

 

July 8, 2003

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SIGNATURES

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Pursuantto the requirements of the Securities Exchange Act of 1934, the registrant hadduly caused this report to be signed on its behalf by the undersigned,thereunto duly authorized.

 

 

 

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY

 

 

 

                                                                        By:MA. LOURDES C. RAUSA-CHAN

Corporate Secretary
 

 

 

Date:July 8, 2003