ALI, Security Bank declare cash dividends

Ayala Land Inc. and Security Bank Corporation announced the declaration of cash dividends while Ayala Corporation’s property dividend has finally been approved by the Securities and Exchange Commission.

In a disclosure to the Philippine Stock Exchange, ALI said its Board of Directors. approved the declaration of cash dividends of P0.1355 per outstanding common share to be sourced from its retained earnings in 2021.

Amounting to P2 billion based on the firm’s 14.76 billion outstanding common shares, the cash dividend is payable on November 18, 2022 to stockholders of ALI common shares as of record date November 8, 2022.

ALI registered a 40 percent jump in net income to P12.2 billion in 2021 as total revenues improved 10 percent to P106.1 billion on account of resilient operations amidst the ongoing pandemic.

Supported by relaxed quarantine restrictions in the fourth quarter, ALI said total revenues grew 2 percent to P33.5 billion, while net income increased 54 percent to P3.6 billion quarter-on-quarter.

Meanwhile, Ayala Corporation reported that its declaration of Property Dividends consisting of common shares of AC Energy Corporation (now known as ACEN Corporation), to its stockholders of record as of May 27, has just been approved by the SEC.

However, even with the approval of its Certificate of Filing the Notice of Property Dividend Declaration, the payment of the dividend will still have to wait until Bureau of Internal Revenue issues Certificates Authorizing Registration for the transfer of the Property Dividends to qualified stockholders.

Security Bank Corporation also announced that its Board of Directors has approved a Cash Dividend Declaration of P1.50 per Common Share, representing regular semestral cash dividend.

The record date for SBC’s cash dividend amounting to P1.13 billion is on November 10, 2022, while the payment date falls on November 24, 2022.

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The article was originally published in Manila Bulletin and written by James A. Loyola.