Cebu Landmasters declares cash dividend

·1 min read

CEBU Landmasters Inc. (CLI) has declared a regular cash dividend on the back of the company’s resilience and stellar performance during the 2020 environment.

The cash dividend equivalent to 25 centavos per share was approved during the board meeting held Tuesday, March 16, 2021.

Shareholders on record as of April 16, 2021 will be entitled to the dividends to be paid out on May 10, 2021.

For the year 2020, CLI has reported P14.25 billion of sales take-up, a 12.4 percent growth from the previous year’s P12.67 billion, showing a positive performance amid nationwide lockdowns.

CLI also recently announced a 123 percent stock dividend in 2021, which was approved by the stockholders during its special stockholders’ meeting last Feb. 26, 2021. (PR)