Money

Security Bank investors get cash dividends for 2018

It’s payback time!

It’s payback time!

Security Bank Corporation is celebrating a good run in 2018 by sharing the loot among themselves.

The listed lender announced that they will be paying regular cash dividends at P1 per share, representing retained earnings from 2018’s solid run.

It doesn’t stop there, as the bank is also handing out special cash dividends worth another P0.50 per share.

This comes after Security Bank reported a net income of P8.6 billion last year, driven by a 12 percent rise in total loans.

The dividends are payable by April 25.

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