Max's Group, Inc. Declares Cash Dividend, Payable on 30 April 2024
March 12, 2024 at 11:48 pm EDT
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Max's Group, Inc. announced that At its regular meeting held on 13 March 2024, the Company's Board of Directors approved cash dividends equivalent to approximately 35% of the net income for 2023, amounting to PHP 175,000,000.00 or PHP 0.16885 for each share held by shareholders of record as of 4 April 2024. The cash dividends shall be payable on 30 April 2024.
Maxâs Group, Inc. is a Philippines-based company, which is primarily engaged in the business of catering food and establishing, operating and maintaining restaurants, coffee shops, refreshments parlors and cocktail lounges. The Companyâs primary purpose also includes dealing in the business of acquiring and developing any and all trade names, brand names and master franchises, including other intellectual property rights necessary to commence and operate the relevant business enterprises, as well as to grant the use of such trade names, brand names and master franchises for and in consideration of the payment of fees and royalties, and in connection therewith, establish management services for the expansion of the business enterprises. The Company operates under the trade names Maxâs or Maxâs Restaurant, Pancake House, Yellow Cab, Krispy Kreme, Jamba Juice, Maxâs Corner Bakeshop, Dencioâs, Maxâs Kabisera, Teriyaki Boy, Singkit, Sizzlinâ Steak, Le Coeur de France, and Maple.