Investing Stocks in Philippines: Ex-dividend date

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Wednesday, September 19, 2012

Stock News 2012: Vista Land declares P672.5-million cash dividend

Villar-led home developer Vista Land and Lifescapes Inc. has approved the declaration of cash dividends amounting to P672.5 million or P0.08 per share.

In a statement issued yesterday, Vista Land said the regular cash dividends represent 20 percent of the company’s consolidated net income for 2011.

Stockholders on record as of Oct. 2 are entitled to receive the dividends. The payment date will be on Oct. 26.

The regular cash dividends are in addition to the special dividends the company paid earlier this year, bringing total dividend payout equivalent to 30 percent of the prior year’s net income or P0.12 per share.

In the first half of the year, Vista Land posted net earnings of P2.19 billion, up 25 percent from P1.74 billion in the same period in 2011. Revenues rose 22 percent to P8.1 billion while reservation sales grew 47 percent to P20 billion.

The company remains on track to meet a projected 20-percent rise in profit and sales this year to P4.2 billion and P16 billion, respectively. Reservation sales are likewise forecast to hit P40 billion by yearend.

http://www.philstar.com/Article.aspx?articleId=850016&publicationSubCategoryId=66

Monday, June 18, 2012

Stock News 2012: Vista Land declares special cash dividend

Publicly-listed Vista Land and Lifescapes, Inc., the country’s largest homebuilder, has declared a special cash dividend in the amount of four centavos per share.

Shortly after Vista Land’s annual stockholder’s meeting on June 15, 2012, the company’s Board of Directors held an organizational meeting during which it approved the declaration of a special cash dividend in an amount equal to approximately 10% of the company’s consolidated net income for the year ended Dec. 31, 2011.

The record date for the special dividend is on July 2, 2012, while the payment date will be on July 26, 2012.

Vista Land recently reported its first quarter results, announcing that the company’s net income for the first quarter of the year compared to the first quarter of 2011 rose by 22 percent to P1.060 billion from P873 million, while revenues exceeded P4 billion.

“In view of Vista Land’s excellent performance and strongly positive outlook, we are pleased to once again reward our loyal shareholders with a special cash dividend as we had done last year,” stated Manuel Paolo Villar, Vista Land’s president and chief executive officer. “This of course will be over and above the company’s regular cash dividend, which is usually formally approved during the second half of the year,” he added.

http://www.philstar.com/Article.aspx?articleId=818240&publicationSubCategoryId=66