Century Properties board OKs P463.7M in dividends

PROPERTY developer Century Properties Group Inc. on Wednesday declared regular and special cash dividends amounting to P463.7 million following a special meeting of its board of directors.The dividend payments will be released in two tranches, the firm told the stock exchange.The first tranche, a regular cash dividend amounting to roughly P0.024 per common share, will be issued on August 12 to shareholders on record as of July 29.The second, a special cash dividend of roughly P0.

The dividend payout ratio for the first tranche is 15 percent of the company's 2023 net income after tax, while that for the second tranche is 10 percent.Century Properties reported a 2023 net income after tax of P1.86 billion, up 32 percent from the P1.4 billion recorded the previous year.The recently topped off the third condominium tower of its Azure North master-planned development in San Fernando, Pampanga.

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cebu Landmasters board OKs P169.7M in dividendsPROPERTY developer Cebu Landmasters Inc.'s (CLI) board of directors has approved the declaration of cash dividends on its Series A-1 and A-2 preferred shares for 2024.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Citystate Properties and Management Corporation hosts Investors NightCITYSTATE Properties and Management Corporation (CPMC) held an exclusive event, Sandari’s Investors Night, on June 11, 2024, at Azumi Boutique Hotel in Alabang, Muntinlupa City. The event introduced potential investors to CPMC’s newest development, Sandari Calatagan, a beachfront property in Batangas known for its focus on holistic wellness.
Source: BusinessMirror - 🏆 19. / 59 Read more »