AbaCore Capital Holdings Inc. said it is declaring a cash dividend and shares of stock of a unit for shareholders.
The dividend payout is in line with the company’s 10 percent dividend policy, it said.
“The announcement is made in light of ABA’s financial results for 2021 that reflect the strength of its franchise and the management’s success in navigating the challenging operating environment brought by the COVID-19 pandemic,” AbaCore said.
The company announced that for every one AbaCore share held by a person, he or she will receive a P0.01 cash dividend.
Each shareholder will also receive 0.0009 of a share in Abacore Philippine Regional Investment Development Corp. (PRIDE), which is engaged in the financing of real estate, logistics and infrastructure projects.
“Each PRIDE share has a par value of P100, equivalent to a 9-centavo dividend,” the company said.
“No fractional share of PRIDE will be issued. In the event there would be fractional shares after applying the aforementioned dividend ratio, AbaCore will pay for the dividends in cash,” it added.
The dividend will be paid to shareholders of record on June 28, 2022.
