The cash dividend is payable on Mato stockholders of record as of February 28, 2014, and will be paid on the pre-split shares. Westlake Chemical expects that its common stock will begin trading on a split-adjusted basis on March 19, 2014. Stockholders will be issued one additional share of common stock for each share held. The two-for-one common stock split will be accomplished by means of a stock dividend, to be distributed Mato stockholders of record as of February 28, 2014. "The cash dividend increase, the second in less than a year, and the stock split demonstrates the Board's continued confidence in our ability to deliver strong earnings." "These actions reflect the financial strength of the company," said Albert Chao, President and CEO. 18, 2014 /PRNewswire/ - The Board of Directors of Westlake Chemical Corporation (NYSE:WLK) declared a two-for-one split of the company's common stock and increased the quarterly cash dividend on the company's common stock by 12 percent to $0.252 per share on a pre-split basis. "We contributed to societies in which we operate with disaster relief efforts, laptops to less-privileged families to support remote learning, contributions to campaigns to address vaccine hesitancy and in TT we were one of the lead organisations in the largest-ever private/public sector collaborations to operate mass vaccination sites to accelerate government's efforts to vaccinate the population.HOUSTON, Feb. On the group's performance amid the covid19 pandemic, Bermudez said despite supply chain disruptions it continued to "assure critical food and oxygen supply throughout the region." Warner added in 2021 the successful divestments of non-core assets unlocked capital to optimally reinvest in strategic priorities and pursue growth plans. We continue to deliver enhanced value to our shareholders as TRS has been excellent for the past few years, return on equity is improving and our upcoming cross-listing in Jamaica in 2022 will increase trading activity, expand the base of shareholders, and give international investors better access to hard currency from their trades.” “Moreover, our total return to shareholders increased from 12 per cent to 44.15 per cent. He said, “This is a key profit measure that demonstrates that our strategy is working, because as we continue to narrow the focus of the group by divesting non-core assets, it is important that our main portfolios and lines of business remain as the primary engines of growth. In 2021 earnings per share, it said, increased by 13 per cent from $7 to $8.02 and share price also increased to $82.50 at the end of September, when compared to the start of the financial year. Profit after tax increased by 68 per cent to $678 million. Group chairman Robert Bermudez said the share split is meant "to support the success of the cross-listing and to ensure continued accessibility of the Massy share to all retail shareholders."ĬEO Gervase Warner said in creating value for its shareholders, the group's third-party revenue grew by nine per cent and profit before tax from continuing operations improved by 41 per cent to $929 million. “Upon completion of the share split, the company’s issued and outstanding ordinary share capital will increase from 98,969,227 ordinary shares to 1,979,384,540 ordinary shares,” the group said. “The market price of each share will simultaneously become 20 times less than it was prior to the share split with no proportionate change to shareholders’ ownership. The 20-for-on share spilt seeks to increase each shareholders’ shareholdings by 20 times the number of shares held prior to the share spilt. This comes as the group announced increased revenue and before-tax profit of $11 billion and $929 million. The group said the action would make more shares available to more investors as it cross-lists on the Jamaica exchange. In a statement it said it will ask shareholders to agree to this at the January 21 annual general meeting. Massy Holdings is seeking approval for a 20-for-one share split to increase its issued share capital to 1.9 billion shares. The supermarket chain is part of Massy Holdings, which operates in TT and other Caribbean countries. News Massy Holdings seeks approval for 20-for-one share splitįriday 17 December 2021 Massy Stores supermarket in Westmoorings.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |