Listed property developer Megaworld Corp. has declared a large amount of dividends for its shareholders to be payable next month.
In a disclosure to the Philippine Stock Exchange, Megaworld reported that its board of directors has authorized the declaration of cash dividends totaling P1.045 billion.
Megaworld further said in the disclosure that the cash dividend entitlement per common share can be determined only by July 11, 2013, after the expiration of the exercise period of the company warrants for the month of July.
“The cash dividends will be payable on 12 August 2013,” the disclosure added.
Meanwhile, another listed real-estate company, Arthaland Corp., also decided to issue
cash dividends to its shareholders, in the amount of P0.012 per common share, or a total of P63.19 million.
The cash dividends will be paid out on August 22.
Angie de Villa-Lacson, Arthaland president and chief executive officer, said in a text message that the company decided to roll out cash dividends because it posted a record performance in 2012.
Madelaine B. Miraflor