AbaCore to deliver dividends after 4 Years

November 28, 2024
6:13PM PHT

AbaCore Capital Holdings Inc. will issue stock and property dividends to shareholders after securing approval from the Securities and Exchange Commission, four years after these were first announced.

Initially unveiled in 2020, the dividends will be paid on Dec. 12, 2024, to shareholders of record as of Oct. 30, 2020.

Following this, ABA will distribute property dividends consisting of shares in its subsidiary, Philippine Regional Investment Development Corp. (PRIDE), and cash dividends.

Shareholders will receive 0.0009 PRIDE shares (valued at 9 centavos) and a 1-centavo cash dividend per ABA share held.

Management’s view

“These dividends reflect our commitment to ensure our shareholders enjoy the returns on their investment, with our shareholders directly benefiting from ABA’s financial performance,” said Antonio Victoriano Gregorio III, vice chair of ABA and head of investor relations.

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