PROPERTY giant Ayala Land Inc. (ALI) is declaring a 15-percent increase in cash dividends to its shareholders.
In a disclosure to the Philippine Stock Exchange on Monday, ALI said its board of directors approved the declaration of cash dividends of P0.238 per outstanding common share.
“This reflects a 15-percent increase from last year’s first half regular cash dividends, and together with the planned second semester cash dividends, will bring our dividend payout ratio to 40 percent of prior year’s earnings,” the disclosure said.
ALI said the payment date is on March 23 for stockholders on record as of March 11.
It said the dividend payment comes from the firm’s Unrestricted Retained Earnings as of December 31, 2015.
In a separate disclosure, ALI announced that its board of directors has also approved the declaration of annual cash dividends of 4.747486 percent per annum or P0.00474786 per share to all shareholders of the firm’s unlisted voting preferred shares.
“The payment date will be June 29, 2016 to stockholders of said preferred shares on record as of June 15, 2016,” the disclosure said.
In yet another disclosure also on Monday, ALI reported that its board of directors similarly approved a grant to the qualified executives of the firm.
This is in line with company’s Employee Stock Ownership Plan of stock options.
“The grant of stock options was recommended by our Personnel and Compensation Committee pursuant to the Plan,” ALI said.