Philippine Racing Club, Inc. Approves the Cash Dividend, Payable on May 29, 2020
February 12, 2020 at 08:01 pm EST
Share
During the regular meeting of the Board of Directors of Philippine Racing Club, Inc. on February 12, 2020, the Board approved the declaration of the cash dividend on the outstanding common shares of the corporation of PHP 0.08 per share out of its unrestricted retained earnings to all stockholders of record as of end of trading day of May 6, 2020 with payment date on May 29, 2020.
Philippine Racing Club, Inc. is a Philippines-based company, which is primarily engaged in the business of operating and maintaining a racetrack covered by its franchise and managing betting stations located within Metro Manila and other parts of the country. The Company is also engaged in acquiring and developing real estate property, including but not limited to leisure, recreational and memorial parks and owning, operating, managing and/or selling real estate. It operates through four segments. Real Estate Operations segment is engaged in real estate business, such as development and sale of land and condominium units. Club Racing Operations segment is engaged in the operation and maintenance of racetracks and holding of horse races. Leasing segment is mainly engaged in the leasing of horse stables, condominium units, and other facilities. Sale of Food, Beverage and Services segment is involved in merchandising operations of food and non-food items, including the related services.
PHILIPPINE RACING CLUB, INC. 