Dividend News: MER, HOUSE Declares Cash Dividends

Ex-dDIVIDEND DECLARATION 4ividend dates are important to dividend investors since they must purchase a stock prior to its ex-dividend date in order to receive its upcoming dividend payout.

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Manila Electric Company (MER), offers a dividend yield of 2.27% based on last traded price of Php298.00 and pays a total dividend of Php6.76 (Regular Dividend Php5.164 plus Special Dividend Php1.596).

Manila Electric Company (MER) is engaged in the distribution and sale of electric energy through its distribution network facilities in its franchise area. Its market is categorized into four sectors such as residential, commercial, industrial, and streetlights. The principal sources of power of MER include the National Power Corporation; First Gas Power Corporation; Quezon Power (Phils.) Ltd.; Wholesale Electricity Spot Market; AES Corporation (Masinloc); Therma Luzon, Inc. (Pagbilao); South Premier Power Corporation (Ilijan); Aboitiz Power Renewables, Inc. (Makban); and San Miguel Energy Corporation (Sual).

Information’s you may want to know about MER:
  • Declares cash dividend for the sixth straight years.
  • Cash Dividends amount increased for six years in a row.
  • YTD price change is up by 16.41% as of July 27 closing.
  • The stock is currently trading at 52-week high and 19.10% up from its 52-week low
  • TDO Value is at Php303.43 which has an upside of 1.82%.
  • TDO Score is at 66.92%

8990 Holdings, Inc. (HOUSE), offers a dividend yield of 0.65% based on last traded price of Php7.70 and pays a dividend of Php0.05.

8990 Holdings, Inc. (HOUSE), formerly IP Converge Data Center, Inc., was incorporated as an information technology and telecommunications services provider on July 08, 2005. On October 1, 2013, the Securities and Exchange Commission approved the change in its corporate name to the present one and the change in its primary purpose to that of a holding company.

In May 2012, Iholdings, Inc. (Iholdings), Januarius Resources Realty Corporation (Januarius) and Kwantlen Development, Inc. (Kwantlen) gained control of the Company through the acquisition of 61.4% of the outstanding capital stock of HOUSE. In May 2013, in line with the objective to consolidate certain real estate companies owned or controlled by Iholdings, Januarius and Kwantlen, the Company acquired all of the outstanding shares in 8990 Housing Development Corporation, 8990 Luzon Housing Development Corporation, Fog Horn, Inc., 8990 Leisure and Resorts Corporation, 8990 Davao Housing Development Corporation and 8990 Mindanao Housing Development Corporation.

Information’s you may want to know about HOUSE:
  • Declares cash dividend for second straight years (twice this year).
  • YTD price change is up by 8.15% as of July 27 closing.
  • The stock is down 26.67% from its 52-week high and 14.24% up from its 52-week low
  • TDO Value is at Php9.56 which has an upside of 24.15%.

 

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