• The Financial District


The Yuchengco conglomerate's Rizal Commercial Banking Corp (RCBC) has approved the declaration of dividends by its board of directors in a meeting yesterday.

The declaration covers cash dividends amounting to P0.556 per share, or a total of approximately P1.08 Billion are payable to holders of Preferred and Common Class shares as of the close of the 10th trading day from Board approval (“record date”) and payable within ten (10) trading days from record date.

According to its disclosure to the Philippine Stock Exchange today, the actual and final amount of cash dividends may change for new or additional issuance of shares and if there are conversions of preferred shares to common shares prior to and up to record date.

RCBC also clarified, in a subsequent disclosure today that the preferred shares are not listed on the exchange.

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