SecBank to pay dividends for 2016 earnings
The long wait is worth it for shareholders of this bank.
Security Bank Corp. has finally announced the cash payout for holders of common shares after a solid run in 2016.
In two disclosures, the listed bank said they will be paying cash dividends from the retained earnings after fiscal year 2016 by Nov. 24, 2017.
Dividends will be paid at P1.00 per share, with an additional P0.50 rate given a “special” cash dividend approved by the bank’s board of directors.
It’s no sweat for Security Bank, which saw net income surge by 11% to P8.55 billion last year. It was also the same year when Japanese bank Mitsubishi UFJ bought into the local lender.