House of Investments Declares Dividends

The House of Investments Inc. (PSE: HI) has declared PhP4,040,275.85 cash dividends to stockholders of HI preferred shares covering the first quarter of 2011.

The equivalent dividend per share is PhP0.00313 or 0.313 centavos. The record date is April 29, 2011, and payment date is on May 20, 2011.

The company has also announced the redemption of 2.5% of HI’s 1,290,719,863 preferred shares, or about 32,267,996 shares, at PhP0.40 per share amounting to PhP12,907,198.63. Record date is April 29, 2011, and payment date is May 24, 2011.