PSE Market Summary:
The Philippine Stocks Market is up by 27.85 or .42% to close at 6,648.57. Total trades recorded were 42,561 with 72 stocks advances, 102 declines and 51 stocks unchanged.
ALI Declares Cash Dividend
Ayala Land Inc. (PSE:ALI) declared cash dividend of .147878 per share with payment date on March 19, 2013. Ex-date and Record date is Feb. 28 and Mar. 5 respectively.
WEB Declares Cash Dividend
PhilWeb Corporation (PSE:WEB) declared cash dividend of P.10 per share with payment date on March 15, 2013. Ex-date and Record date is Feb. 28 and Mar. 5 respectively.
SMDC Net Income Up by 17.5%
SM Development Corporation (PSE:SMDC) reported consolidated net income of P4.9 billion, up by 17.5%. Revenues from real estate rose by 33%.