(26 April 2012. Pasay City, Philippines.) Philippine conglomerate SM Investments Corporation (SM) announced during its annual stockholders' meeting that the company's board of directors approved the declaration of a Php10.40 cash dividend per share. This represents 30% of SM's full-year 2011 net income of Php21.2 billion. SM stockholders of record as of 26 May 2012 are entitled to the cash dividends, which will be paid on 21 June 2012.
SM president Mr. Harley T. Sy said, "SM's cash dividend declaration is one manner of thanking all of our valued shareholders. With their continued support for our company, we look forward to 2012 with much confidence and optimism."
Earlier this year, SM and its subsidiaries received several honors for all-around excellence in management, financial performance, corporate governance, social responsibility, environmental responsibility, and investor relations. The various honors were given by two prestigious business publications namely Corporate Governance Asia and The Asset, under their respective and separate awards programs.
For further information, please contact:
Senior Vice President for Investor Relations SM Investments Corporation E-mail address: cora.guidote@sminvestments.com Telephone No.: 857-0117
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"SM approves the declaration of Php10.40 cash dividend per share" was written by Mary under the Business category. It has been read 1575 times and generated 0 comments. The article was created on 26 April 2012 and updated on 26 April 2012.
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