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Metropolitan Bank & Trust Co., the Philippines’ largest bank,
has the nod of the Bangko Sentral ng Pilipinas to declare the cash
dividend to be paid to its stockholders next month.
In a statement, Metrobank said the bank’s cash
dividend, or the stockholders’ share in the company’s total
profits on hand, has reached P722.91 million, which translates to 2
percent, or P0.40 per share based on the par value of P20.00 per
share.
The dividend, which was based on its outstanding
capital stock of P36.15 billion, will be paid to stockholder not
later than February 13.
The bank disclosed to the Philippine Stock
Exchange that it has fixed January 18, 2008, as the record date in
determining the stockholders entitled to the dividend.
“We are very grateful for the support of our
shareholders. On the whole, We feel the Metrobank franchise is
getting stronger,” Arthur Ty, Metrobank president, said.
In terms of consolidated net profit, Metrobank
reported 19.7 percent year-on-year growth, reaching P5.31 billion
for the first nine months of 2007.
Metrobank has a local branch network of over 540
branches and 37 international branches and offices in 21 countries.
-- Maricel E. Burgonio
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