Security Bank shares good gains to stockholders
The lender is paying a total of P1.50 per share as dividends.
Security Bank Corporation has had a great run over the past year, so much that there is more than enough to share to stockholders.
In two disclosures, the listed lender announced the payout of dividends to holders of common shares. Investors will get P1 per share as their regular dividend, plus P0.50 apiece as special cashback.
Security Bank’s board of directors approved the payout during their Oct. 30 meeting, and will be credited by Nov. 29. The amount represents retained earnings as of end-2017.