25 June 2021
PSE / MEDIA RELEASE : SBS Declaration of Cash Dividends
SBS Philippines Corporation Declares Cash Dividends
SBS Philippines Corporation (SBS), one of the leading chemical distribution companies in the Philippines, today announced its declaration of cash dividends amounting to PHP34,099,999.98 to all stockholders of record as of July 22, 2021. The dividends to be distributed will come from SBS’s retained earnings after a strong financial performance for the year ending 2020 despite the ongoing worldwide pandemic.
SBS’s Board of Directors approved the cash dividend declaration to be paid on August 5, 2021 giving shareholders of record PHP0.022 per share held on record date.
Highlights of the Board Approval
- Approval Date: The Board of Directors approved the declaration of Cash Dividends on June 25, 2021
- Record Date: Shareholders of Record as of July 22, 2021 shall be entitled to the cash dividends.
- Payment Date: Cash Dividends shall be paid on August 5, 2021.
- Entitlement: All shareholders of record shall receive PHP0.022 per share held on record date.
Disclaimer. This Announcement may contain forward-looking statements relating to the future performance of SBS that are based on the Company’s current expectations, forecasts and assumptions and involve risks and uncertainties. Actual results may differ materially from those expressed in forward-looking statements and reportedmi results should not be considered as an indication of future performance. Factors that can cause or contribute to such differences include, but are not limited to, changes in political, business and economic conditions, general economic downturn or crisis, major fluctuations in exchange rates, effect of business initiatives and management changes, changes in business strategy, shifts in customer demands and preferences, industry trends, changes in government regulations, and the Company’s ability to deal with the increasingly competitive commercial environment. You are cautioned not to place undue reliance on these forward lookingstatements which are based on the current view of management. The Company assumes no obligation to update such statements, except as required by law.
About SBS Philippines Corporation (www.sbsph.com)
SBS Philippines Corporation (the “Company”) is one of the major chemical trader-distributor in the Philippines supplying a diverse customer base of more than 1,800 customers with over 3,000 chemical products sourced from more than 500 suppliers.
The Company offers a comprehensive selection of chemical products to service its wide set of clientele in the following industries: (i) food ingredients, (ii) industrial, (iii) feeds and veterinary care, (iv) pharmaceutical, (v) personal care and cosmetics.
The Company’s logistics infrastructure includes a network of 15 warehouse facilities located at 5 different sites in the greater manila area and the province of Bulacan, providing for a combined floor space of about 46,000 square meters and a storage capacity exceeding 18,000 MT. Its warehousing and distribution infrastructure provides for enormous flexibility to distribute a variety of products to a diverse set of customers and markets.
The Company’s scale and distribution reach, combined with its diversified product offering, deep industry knowledge, and value-added services on logistics management provide the Company with a distinct competitive advantage as the “one-stop shop” resource for chemical requirements.
More information on SBS is available at the SBS website at www.sbsph.com.
See also the pdf version: Press Release SBS declares cash dividend