Ayala Land Inc., the property development arm of Ayala Corp., said its board approved the declaration of a regular cash dividend of P0.2913 per common share for the second half of 2024.
Shareholders on record date 8 November will be entitled to the cash dividend, which will be paid on 22 November.The cash dividend of P4.29 billion will be taken from the company’s 2023 unrestricted earnings.
Ayala Land, which trades on The Philippine Stock Exchange under the symbol ALI, is engaged in the planning and development of large-scale, integrated estates having a mix of use for the sale of residential lots and buildings, office buildings and commercial and industrial lots, leasing of commercial and office spaces, and the development, operation and management of hotels and resorts.
The company also develops commercial and industrial parks and is also engaged in property management, construction, and other businesses like retail and healthcare.
Ayala Land’s subsidiaries include Alveo Land Corp., Avida Land Corp., Ayala Property Management Corp., Makati Development Corp., AyalaLand Logistics Holdings Corp. and Ten Knots Philippines, Inc.
