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RSSAboitiz to pay out dividends in April
Wednesday, March 28, 2012
Aboitiz Equity Ventures, Inc. (AEV) and Aboitiz Power Corporation (AboitizPower) have declared cash dividends for 2011 that will be paid out on April 3, 2012 to stockholders on record as of March 16, 2012.
The AEV board approved a dividend of P1.58 per share while AboitizPower is paying out P1.32 per share. The pay-out ratios of AEV and AboitizPower compared to the previous year, grew by 3% and 16%, respectively.
"We are staying true to our commitment to balance growth and the distribution of dividends," says Erramon I. Aboitiz, president and CEO of the two listed companies.
The annual stockholders’ meeting of the two companies is set on May 21, 2012 at the Sta. Maria One and Two of Radisson Blu Hotel in Cebu City. The AboitizPower meeting is at 11 a.m. while AEV's is at 4:00 p.m. Stockholders on record as of March 30, 2012 are entitled to vote in this year’s meeting.
For those unable to attend the May 21 meeting, a stockholders’ briefing will be held at the Grand Ball Ballroom of InterContinental Hotel in Makati City on May 24 at 4:00 p.m.
AEV is the publicly listed holding and investment company of the Aboitiz Group. It has major investments in power, banking and food. Two of its investee companies are also listed on the Philippine Stock Exchange. AEV is consistently recognized in international surveys as among the Philippines’ best managed companies and has also been cited for its commitment to good corporate governance. (www.aboitiz.com)
AboitizPower is the holding company for the Aboitiz Group’s investments in power generation, distribution, retail and power services. It is a major producer of renewable energy in the Philippines with several hydroelectric and geothermal assets in its generation portfolio, and also has non-renewable power plants located across the country. The company also owns distribution utilities that operate in high-growth areas in Luzon, Visayas and Mindanao. (www.abotizpower.com)
The AEV board approved a dividend of P1.58 per share while AboitizPower is paying out P1.32 per share. The pay-out ratios of AEV and AboitizPower compared to the previous year, grew by 3% and 16%, respectively.
"We are staying true to our commitment to balance growth and the distribution of dividends," says Erramon I. Aboitiz, president and CEO of the two listed companies.
The annual stockholders’ meeting of the two companies is set on May 21, 2012 at the Sta. Maria One and Two of Radisson Blu Hotel in Cebu City. The AboitizPower meeting is at 11 a.m. while AEV's is at 4:00 p.m. Stockholders on record as of March 30, 2012 are entitled to vote in this year’s meeting.
For those unable to attend the May 21 meeting, a stockholders’ briefing will be held at the Grand Ball Ballroom of InterContinental Hotel in Makati City on May 24 at 4:00 p.m.
AEV is the publicly listed holding and investment company of the Aboitiz Group. It has major investments in power, banking and food. Two of its investee companies are also listed on the Philippine Stock Exchange. AEV is consistently recognized in international surveys as among the Philippines’ best managed companies and has also been cited for its commitment to good corporate governance. (www.aboitiz.com)
AboitizPower is the holding company for the Aboitiz Group’s investments in power generation, distribution, retail and power services. It is a major producer of renewable energy in the Philippines with several hydroelectric and geothermal assets in its generation portfolio, and also has non-renewable power plants located across the country. The company also owns distribution utilities that operate in high-growth areas in Luzon, Visayas and Mindanao. (www.abotizpower.com)