Keppel Philippines Properties, Inc. Declares Cash Dividend, Payable on 22 May 2024
April 14, 2024 at 07:52 pm EDT
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The board of directors of Keppel Philippines Properties, Inc. approved in a Special Meeting held via remote communication on 12 April 2024, Declaration of Cash Dividends of PHP 15.14 per common share or a total of PHP 4,448,569,546.00 out of the unrestricted retained earnings of the Corporation as of 31 March 2024 in favor of the common stockholders of record as of 29 April 2024, and payable on 22 May 2024.
Keppel Philippines Properties, Inc. is a Philippines-based company, which holds investments in associates and joint venture involved in property development and holding of investment properties and renders management consultancy services to its joint venture. The Company, through its associates, is engaged in the acquisition and development of land sites for residential, office and commercial uses. Its associateâs investments in real estate properties, such as ADB Avenue, Ortigas Center, and Mandaluyong City. The Companyâs commercial property, The Podium Complex is a mixed-use development and lifestyle destination, comprising of retail and office spaces, which is located in the central business district of Ortigas. The Companyâs subsidiaries, associates and joint venture include CSRI Investment Corporation (CSRI), Buena Homes, Inc. (BHI), Opon Realty and Development Corporation (ORDC), Opon Ventures, Inc. (OVI), Opon-KE Properties, Inc. (OKEP), and SM Keppel Land, Inc. (SMKL).