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July 21, 2024

RCBC approves cash dividends for convertible preferred shareholders

Rizal Commercial Banking Corp. (RCBC) announced that its board has given the green light for the issuance of cash dividends to holders of its convertible preferred shares.

The declared amount is P0.19203 per share, totaling P51,351.24, with payment due within five trading days from the record date of September 21, 2023.

However, the final amount may be lower if additional conversions to common stock occur before the record date, with the actual dollar equivalent dependent on the exchange rate at that time.

These dividends apply to unlisted preferred shares.