{"id":2404,"date":"2024-11-29T01:00:49","date_gmt":"2024-11-29T01:00:49","guid":{"rendered":"https:\/\/abacorecapitalholdings.com\/website_9ffce9b0\/?p=2404"},"modified":"2025-03-16T01:58:37","modified_gmt":"2025-03-16T01:58:37","slug":"sec-approves-abacore-dividend-issuance","status":"publish","type":"post","link":"https:\/\/abacorecapitalholdings.com\/website_9ffce9b0\/2024\/11\/29\/sec-approves-abacore-dividend-issuance\/","title":{"rendered":"SEC approves AbaCore dividend issuance"},"content":{"rendered":"

The Securities and Exchange Commission (SEC) has given the green light for AbaCore Capital Holdings Inc. to finally issue stock and property dividends to its shareholders after four years.<\/p>\n

AbaCore said in a statement on Thursday that the stock dividend will be paid out on Dec. 12 to stockholders of record as of Oct. 30, 2020.<\/p>\n

This was initially announced in 2020 as part of the company\u2019s 10-percent dividend policy.<\/p>\n

Due to COVID<\/h4>\n

For each AbaCore share held by a shareholder, they will receive 0.0009 of a share in Philippine Regional Investment Development Corp., the company\u2019s wholly owned subsidiary, as well as a one-centavo cash dividend.<\/p>\n

\u201cThese dividends reflect our commitment to ensure our shareholders enjoy the returns on their investment, with our shareholders directly benefiting from [AbaCore\u2019s] financial performance,\u201d AbaCore vice chair Antonio Victoriano Gregorio III said in a statement.<\/p>\n

In 2020, AbaCore announced plans to amend its cash dividend policy and convert it into an equivalent stock dividend to reserve funds due to the impact of the COVID-19 pandemic.<\/p>\n

AbaCore, which has interests in energy, real estate and financial services, saw its earnings plunge by 88 percent to P45.61 million in the first nine months of 2024 due to higher operational expenses related to employee benefits.<\/p>\n

Taxes and licenses likewise surged by 85 percent due to an increase in local taxes imposed on real property, AbaCore said in its financial report. \u2014Meg J. Adonis<\/p>\n

 <\/p>\n

Read more at: https:\/\/business.inquirer.net\/492905\/sec-oks-abacore-dividend-issuance<\/a><\/p>\n

Read more Philippine Daily Inquirer Stories at : https:\/\/business.inquirer.net<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission (SEC) has given the green light for AbaCore Capital Holdings Inc. to finally issue stock and property dividends to its shareholders after four years. AbaCore said in a statement on Thursday that the stock dividend will be paid out on Dec. 12 to stockholders of record as of Oct. 30, […]<\/p>\n","protected":false},"author":1,"featured_media":1498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-2404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-updates"],"acf":[],"yoast_head":"\nSEC approves AbaCore dividend issuance - AbaCore Capital Holdings Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/abacorecapitalholdings.com\/website_9ffce9b0\/2024\/11\/29\/sec-approves-abacore-dividend-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC approves AbaCore dividend issuance - AbaCore Capital Holdings Inc.\" \/>\n<meta property=\"og:description\" content=\"The Securities and Exchange Commission (SEC) has given the green light for AbaCore Capital Holdings Inc. to finally issue stock and property dividends to its shareholders after four years. 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