CEBU LANDMASTERS DECLARES DIVIDENDS
Cebu Landmasters, Inc. has declared a regular cash dividend of 25 centavos per share with a date of April 16, 2021, and payable on May 10, 2021.
For the year 2020, the company has reported P14.25 billion of sales take-up, a 12.4%growth from the previous year’s P12.67 billion, showing a positive performance amidst nationwide lockdowns.
A recent market study by SantosKnight Frank (SKF) named Cebu Landmasters Inc. (CLI) as the leading residential developer in the Visayas and Mindanao in 2020 with the largest market share among real estate firms providing condominium projects and subdivisions in the region.
The study disclosed that CLI accounted for 18,683 units or 12% of the available 86,126 units in VisMin pulling ahead of developers operating nationwide based on Q3 2020 data.
The company has declared a cumulative amount of 0.60 per share of cash dividends since it went public in June 2017. In 2020, it paid-out P 0.25 per share of dividends.