Shang Properties, Inc. (SHNG) at 2.72 now yields 5.75% after a new round of cash dividend
In April 2020 at the height of the community quarantine , Shang Properties, Inc. ( SHNG ) distributed a cash dividend of 0.11250 a share. Based on the preceding years, SHNG also distributes dividend every September at a rate of .07 a share. This year SHNG’s second round of dividend amounted to 0.044 a share. In all, the total for 2020 SHNG cash dividend will be 0.1565 a share. With SHNG market valuation slumping, SHNG now yields 5.75%. A very attractive yield for dividend investors. In the first half of 2020, SHNG was able to earn a net income of 700 Million Pesos, understandably that would be down as compared to the same period in 2019. At the height of the community quarantine, SHNG was able to generate cash from operation of 541 Million Pesos. SHNG even was able to pare down debt with its own cash balance. In these times, SHNG’s primary source of cash generation will be the office space rentals from the Enterprise Center, an office building located at Ayala Avenue co...