(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: email@example.com
Telephone No.: 857-0117
Please support us in writing articles like this by sharing this post
Share this post to your Facebook, Twitter, Blog, or any social media site. In this way, we will be motivated to write articles you like.
--- NOTICE ---
If you want to use this article or any of the content of this website, please credit our website (www.affordablecebu.com) and mention the source link (URL) of the content, images, videos or other media of our website.
"SM approves the declaration of Php10.40 cash dividend per share"
was written by Mary
under the Business
category. It has been read 1395
times and generated 0
comments. The article was created on 26 April 2012
and updated on 26 April 2012