LBC Express Holdings, Inc. Declares Cash Dividends, Payable on 4 November 2019
September 12, 2019 at 07:39 pm EDT
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At the meeting of the Board of Directors of LBC Express Holdings, Inc. held on 12 September 2019, the Board approved the Corporation's authority to declare cash dividends of PHP 0.25 per one outstanding common share held by the stockholders. The record date of the entitlement to said cash dividends shall be the end of business day on 14 October 2019 and payment date shall be on 4 November 2019.
LBC Express Holdings, Inc. is a Philippines-based holding company. The Company is engaged in retail and corporate courier and cargo, money remittance, and logistics services. Its segments include logistics and money transfer services. The main services offered under its logistics business are domestic and international courier and freight forwarding services (by way of air, sea, and ground transport). Its logistics products are geared toward both retail and corporate clients. The money transfer services segment consists of remittance services (including branch retail services, prepaid remittance cards and online and mobile remit) and bill payment collection and corporate remittance payout services. The money transfer services segment includes an international presence through its branches, which comprises international inbound remittance services. The Company has a network of over 6,400 branches, hubs and warehouses, partners, and agents in approximately 30 countries.