Altus Property Ventures, Inc. Approves the Adoption of a Dividend Policy
August 14, 2020 at 12:12 am
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On August 13, 2020, the Board of Directors of Altus Property Ventures, Inc. approved the adoption of a dividend policy. Under the dividend policy, the Corporation intends to maintain an annual dividend payout ratio of at least 20% of the Corporation's recurring net income for the preceding fiscal year, subject to the requirements of applicable laws and regulations and the absence of circumstances which may restrict the payment of such dividends. The Board of Directors shall determine the dividend rate and may, at any time, modify such dividend rate.
Altus Property Ventures, Inc. is a Philippines-based real estate company. The Companyâs primary purpose is to engage in the business of selling, acquiring, building, constructing, developing, leasing, and disposing of real estate properties and property development of all kinds and nature. The Company owns and operates the North Wing of a mall, referred to as Robinsons Place Ilocos, located within the compound of Valdez Center along the National Highway, Barangay 1, San Francisco, Municipality of San Nicolas, Province of Ilocos Norte. Robinsons Place Ilocos is situated inside Valdez Center. The center serves as a lifestyle center in Ilocos Norte. The area is characterized by a mixture of commercial and mid-rise residential developments. The mall has a two- level building which houses a department store, a supermarket, and an appliance store. It has a hardware store, a toy store and arcade, and a food court. The Companyâs leasing business segment caters to individuals and corporates.
ALTUS PROPERTY VENTURES, INC. 
