In the past weeks, several local companies announced that they are distributing stock dividends. Interestingly, all four are issuing stock dividends as a way of raising their company’s capital stock.
Check out the following news excerpts of the dividend announcements.
Earlier this week we posted the sovereign bond ratings of 130 countries, as assessed by credit rating agency Standard & Poor’s (S&P). We continue this time with the country ratings as rated by Moody’s, another credit rating firm.
Average investors typically depend on their own hunches and gut feel, making trades based on what they heard from the grapevine or what they read in Facebook stock investing groups.
In contrast, smart investors read and update themselves by relying on credible sources, conduct their own evaluation of market events and their impact on companies, and ultimately make stock trades based on informed decisions.
Is Double Dragon Properties (DD) the new darling of Philippine stock market investors?
This seems to be the case as the stock celebrated its first month of trading with an unprecedented bullish run.
Imagine your parents paying P10,000 monthly amortization to a lender for a housing loan. Let’s assume that they have been paying religiously and on time during the entire duration of the loan. On the final year of payment, the lender decided to give them a bonus, reducing the amortization to P8,000 per month as a form of goodwill.
The extra cash can now be used by your parents to put more food on the table, to pay for housing repairs and maintenance, or even to increase your weekly allowance. Regardless of where it will be put to use, the savings from the loan reduction will surely benefit your family.
A credit rating is a measure of the credit worthiness of a government, a public entity, or a private corporation. The credit rating is also used as an assessment of the quality of debt instruments issued by any of these organizations.
The stock of the company behind Century Tuna, Swift and Argentina Corned Beef debuted strongly in the Philippine Stock Exchange (PSE), closing at P15.20, an increase of 10.6% from its initial offer price.
Century Pacific Food Inc. (CNPF) opened at P15.50 and reached a high of P16.04 during its first trading day earlier today, with more than 61 million shares traded. It reached a low of P15.00 during today’s trading.
Low-cost mass housing developer 8990 Holdings Inc. (PSE stock code: HOUSE) will raise as much as P9 billion by conducting a follow-on share offering this May 2014, with each share priced at P6.50 apiece.
HOUSE, the developer of “DECA Homes” and “Urban DECA Homes” projects will issue 1.245 billion shares, of which 862.19 million are new common shares to be issued and offered by the company while 382.36 million shares are existing shares of selling shareholders. There is an over-allotment option up to 134.95 million shares.
The retail offering will run from May 2 until May 8. New shares will be listed and will start trading in the PSE on May 14.
