HOMEGROWN property developer Cebu Landmasters, Inc. (CLI) has declared a regular cash dividend of P0.15 per share payable on April 23, 2018 to shareholders of record as of March 23. In a disclosure, Cebu Landmasters said its board of directors approved the declaration of the said amount of dividends and also endorsed a share buyback program worth P250 million. The share buyback will cover a period of two years. On Friday, CLI shares closed at P4.71 each, 0.86 percent higher than the previous close. Cebu Landmasters is confident it would surpass its P1.2 billion target net income in 2017 on the back of strong sales coming from several projects.

Source: Manila Times March 06, 2018 16:30 UTC