AUB Declares Cash Dividend

Pasig—(PHStocks)—Asia United Bank (PSE: AUB) announced it will pay a total of P0.16 billion in cash dividends.

In a disclosure to the Philippine Stock Exchange last August 30, 2016, AUB said its board of directors approved the distribution of a cash dividend of P0.33 per share to stockholders on record as of September 12, 2016. The dividend will be payable on October 6, 2016.

The cash dividend will come from the unrestricted retained earnings of the Bank. AUB first declared a cash dividend of P0.67 per share last June 24, 2016, only two years after its initial public offering.

Incorporated in 1997, AUB is engaged in commercial banking with a total network of 232 branches nationwide, including those of its subsidiaries, the Rural Bank of Pampanga, and thrift bank arm Cavite United Rural Bank (CURB), as of June 30, 2016.