The Board of Directors of Security Bank Corporation (PSE:SECB) approved the declaration of a P1.00 cash dividend payable upon approval of the Bangko Sentral ng Pilipinas. The cash dividend consists of a regular cash dividend amounting to P0.25 per share and a P0.75 per share special cash dividend.

The regular dividends of P 0.25 per share are at par with those declared in the first semester of 2006 while the special cash dividend of P 0.75 per share represents a P0.25 or 50% increase. The progressive increases in cash dividend declarations are taking place against a backdrop of sustained increase in the bank