Rockwell Land Corp., the real estate arm of the Lopez Group, has declared a cash dividend equivalent to 20 percent of its 2024 net income. Shareholders on record as of August 7 will be entitled to the payout.
The total dividend amounts to P741.4 million, or P0.1212 per common share, and is scheduled for distribution on or before September 2.
In addition, holders of the company’s preferred shares will receive P0.0006 per share, representing 6 percent cumulative dividends for the period covering July 2024 to June 2025.
Rockwell Land is known for developing high-end residential and commercial projects and operates several subsidiaries including Rockwell Leisure Club, Inc., Rockwell Integrated Property Services, Inc., Primaries Development Corp., Stonewell Property Development Corp., Primaries Properties Sales Specialists Inc., and Rockwell Hotels & Leisure Management Corp.
The dividend announcement reflects the company’s solid financial performance and commitment to delivering shareholder value amid continued expansion of its real estate portfolio.
