SY-LED China Banking Corp. said on Friday it will pay out cash dividends of P0.80 per share for a total of P1.99 billion and 8 percent stock dividend, payable on June 2 to shareholders of record on May 18, 2017.
In its annual stockholders’ meeting on Thursday, the company said the cash dividend translates to 31 percent of the company’s 2016 net income of P6.46 billion. Based on China Bank’s current share price of P35.35, it is equivalent to a cash yield of 2.26 percent.
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