Alfredo Yao’s Macay Holdings declare cash and stock dividends
Alfredo Yao’s Macay Holdings Inc. today declared a cash dividend of 12 centavos a share and a stock dividend.
Macay Holdings owns ARC Refreshments Corp. that owns the brandname RC Cola among others.
In a disclosure to the stock exchange, Macay Holdings said its board of directors resolved to declare cash dividends of 12 centavos per share to shareholders as of April 29 that will come from the company’s unappropriated earnings in 2015.
The stock dividend rate will be at 21 percent and the record date is yet to be determined.
Both the payment date for the cash dividend and the date of the issuance of the stock dividend have yet to be announced.
Macay Holdings will be issuing over 224 million common shares with a par value of P1 per share.
Macay Holdings currently has over 1.068 billion outstanding common shares and has a market capitalization of almost P40 billion. Its shares closed at P37.40 last week.
As of the first nine months of 2015, its net profit stood at P1.4 billion. The company has yet to officially release its audited financial statement for the full year. (Eileen A. Mencias)