Abacore Capital Holdings, Inc. pays P318.6 Million to all Stockholders on record as of February 22, 2019. The second P318.6 Million cash dividend will be paid on April 17, 2019 to all Abacore stockholders on record as of March 25, 2019.
Abacore is looking forward to having 2019 as solid start of a regime of recurring income stream. Revenues for the first quarter alone of this year has already reached 70% of the total 2018 consolidated revenues of Abacore.
The dramatic economic growth of the Province of Batangas, where most of the resources of Abacore are, have contributed greatly to the current favorable operations of the company. The expansion of processing zones, increase in infrastructure projects, tourism, more investments in energy, steel, and other industrial projects in Batangas have pushed appreciation of property values.
Although a total of 20% cash dividend will be paid by Abacore for the first half of 2019, continuing review of more returns to stockholders is being undertaken due to the expected profits for the remainder of this year. The annual stockholders meeting of the company is scheduled for the second week of July, 2019.