Vista Land declares P1-B cash dividend

The Manny Villar-led Vista Land and Lifescapes Inc. has declared about P1 billion in cash dividends payable to its stockholders in October.In a statement, Vista Land said its board of directors approved the declaration of cash dividends amounting to “approximately 20 percent of the company’s consolidated net income” for 2013, when it recorded P5.1 billion in profits.

The cash dividend will tally to P0.11858 per share, to be paid on October 24.