AbaCore Capital Holdings Inc., a company with interests in various sectors such as energy, real estate and financial services, announced the issuance of stock and property dividends to its shareholders after securing approval from the Securities and Exchange Commission.
The stock dividend, initially announced in 2020, is being paid out in line with AbaCore’s 10-percent dividend policy of the company. This will be paid on Dec. 12, 2024, to stockholders of record as of Cot. 30, 2020, as directed by the SEC.
After processing these stock dividends, and with the number of shares of the company being set, AbaCore will proceed to issue property dividends — which are shares in its subsidiary Philippine Regional Investment Development Corporation.
The issuance of these dividends were announced by AbaCore in 2022, along with cash dividends.
AbaCore said that for every one share held by a shareholder, he/she will receive 0.0009 of a share in Philippine Regional Investment Development Corp. (Pride), a wholly-owned subsidiary of the compoany.
Each Pride share has a par value of P100, equivalent to a P0.09 dividend. The shareholder will also receive a P0.01 cash dividend.
“These dividends reflect our commitment to ensure our shareholders enjoy the returns on their investment, with our shareholders directly benefitting from ABA’s financial performance,” said Antonio Victoriano Gregorio III, vice chairman of AbaCore and head of investor relations.
The dividends are aimed at driving shareholders’ support and confidence towards the company.
