House of Investments declares P59-M cash dividend


Holding firm House of Investments Inc. (HI) declared a total of P59 million cash dividends, payable in September.

In a disclosure, the firm said the P59 million cash dividend would be given in two parts: P3 million for the preferred stockholders equivalent to P0.003274 per share; and P56.133 million for 616 million common shares equivalent to P0.065 per common share and 247.435 million preferred shares equivalent to P0.01733 per preferred share.

Both cash dividends will be recorded on August 14, payable by September 3 and 5.

HI was incorporated in 1959 as an investment bank, which later became an investment holding company with a diversified portfolio.

The company is involved in vehicle sales, construction, education and information technology, afterlife services, consumer finance, property management, project management and security, and pharmaceuticals.

Its subsidiaries include Landev Corp.; Xamdu Motors Inc.; Investment Managers Inc.; Zambowood Realty and Development Corp.; Zamboanga Carriers Inc.; iPeople Inc.; Honda Cars Kalookan Inc.; EEI Corp.; and Zamboanga Industrial Finance Corp.


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