Security Bank Corporation (PSE:SECB) Declares Php0.50 Cash Dividend

PHILIPPINES – Security Bank Corporation (PSE:SECB) has declared cash dividend on Tuesday, subject to the approval of the Bangko Sentral ng Pilipinas.

In a disclosure, Security Bank Corporation (PSE:SECB) announced that its board of directors approved the declaration of a regular semestral cash dividend of Php0.50 per share and a special cash dividend of Php0.50 per share on outstanding capital stock of the Corporation.

The Board of Directors of Security Bank Corporation held its board meeting today.

“The record date and date of payment shall be fixed upon receipt by the Bank of the approval of such cash dividend declaration by the BSP,” the bank said in a disclosure to the Philippine Stock Exchange.

As of 12 noon today, Security Bank Corporation (PSE:SECB)’s stock was slightly down to hit Php138.00 a share. The stock closed at Php139.00 on Monday.

A total of 6,020 shares of Security Bank Corporation were traded so far in today’s session. The total value of the traded shares was Php830,682.

Security Bank Corporation posted a 52-week high of Php180 and low of Php119.50. It has a market capitalization of Php83.80 billion.

Security Bank Corporation (SECB) was established on June 18, 1951 and publicly-listed with the Philippine Stock Exchange in 1995.

SECB’s major businesses cover retail, commercial, and corporate banking, and financial markets, offering a wide range of services including financing and leasing, foreign exchange and stock brokerage, investment banking and asset management. – BusinessNewsAsia.com

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