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Philippine Savings Bank (PSB) offers a dividend yield of 0.69% based on last traded price of Php108.10 and pays a cash dividend of Php0.75 per share.
Philippine Savings Bank (PSB) was incorporated on June 30, 1959 to primarily engage in savings and mortgage banking. In 1983, Metropolitan Bank and Trust Company acquired a majority share in PSB, and in 2004 further increased its shareholdings to the present level of 76%. In 1991, the Company was authorized to perform trust functions, and in 1995, was granted quasi-banking license.
PSB’s operating businesses are organized and managed separately according to the nature of services provided and the different markets served, with each segment representing strategic business unit that offers different products and serves different markets. These business segments consist of consumer banking, corporate banking, branch banking, and treasury. PSB caters mainly to the retail and consumer markets.
The Company entered a bancassurance partnership with AXA Philippines (AXA) to provide its customers with easier access to AXA’s insurance products. Starting June 2014, PSB clients looking for insurance solutions were referred to AXA representatives in its 123 branches in Metro Manila. PSB also launched its first unit investment trust fund, the PSBank Money Market Fund, for a minimum amount of P10,000 per subscription.
In 2014, the Company started offering its PSBank Online Mobile App, a real-time online banking facility that allows access to products and services using smartphones and tablets. The mobile app provides clients the ability to perform transactions such as: paying utility bills; reloading prepaid credits for mobile phones; monitoring bank accounts; reordering checkbooks; reloading the PSBank Prepaid Mastercard; and freezing or blocking an ATM card in case of loss or theft.
As of December 31, 2014, PSB has 245 branches and 595 automated teller machines in different parts of the country.
Source: SEC Form 17-A (2014)
Recent Cash Dividends Details:
- Dividend Amount: Php0.75 per share
- Ex-Dividend Date: October 21, 2015
- Record Date: October 26, 2015
- Payment Date: November 11, 2015
- Source: edge.pse.com.ph
Information’s you may want to know about PSB:
- Declares cash dividend for the six straight years.
- Here’s a snap shot about PSB in my worksheet file
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