DoubleDragon Corp., a listed real estate developer, said on Monday its board has approved a cash dividend for common shares worth a total P620.9 million.
The board set 6 November as the record date of DoubleDragon shareholders entitled to the P0.2648 per share cash dividend.
The dividend declaration reflects the solid financial standing of DoubleDragon and its commitment to return profits to its investors.
Payment of the dividend is scheduled for 29 November 2024. DoubleDragon has four principal business segments namely retail leasing, office leasing, industrial leasing, and hospitality.
Its subsidiaries include CityMall Commercial Centers Inc., CentralHub Industrial Centers Inc., DDMP REIT, Inc., and Hotel of Asia Inc.
The listed company is majority owned by businessmen Injap Sia, founder of Mang Inasal, and Tony Tancaktiong, one of the founders of Jollibee Foods Corp.
