Manila Jockey Club, Inc. Declares Regular Cash Dividend, Payable on May 31, 2018
April 12, 2018 at 08:19 pm EDT
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Manila Jockey Club, Inc. announced that at its board meeting held on April 12, 2018 the board declared regular cash dividends of PHP 0.05 per share, out of the company's unrestricted retained earnings as of 31 December 2017. Record date is on May 7, 2018 and payable on May 31, 2018. Ex-date is on May 02, 2018.
Manila Jockey Club, Inc. is a Philippines-based company. The Company is engaged in the construction, operations and maintenance of a racetrack located in Cavite, Philippines and in the holding or conducting of horse races therein with betting both directly or indirectly by means of mechanical, electric and/or computerized totalizator. It conducts horse race betting operations, through more than 250 Off Track Betting (OTB) stations that are owned and franchised around the country, as well as from bets placed at its Turf Club. The Company is also engaged in the development and sale of condominium units and residential properties, and lease of an office building through joint venture (JV) arrangements with certain developers. It has various condominium and office towers at the San Lazaro Business and Tourism Park township in Santa Cruz, Manila, and from the suburban Canyon Ranch development located at the San Lazaro Leisure Park in Carmona, Cavite, in partnership with Century Properties.