Security Bank Increases Cash Dividend by 50%

The Board of Directors of Security Bank Corporation (PSE:SECB) approved the declaration of a P0.75 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 P0.50 per share special cash dividend. This second cash dividend brings total dividends declared by the Bank this year to P1.50 per share, a 50% growth over that of 2005. The current dividend results in a dividend yield of 3.4% based on the average share price for the last seven months and is equivalent to a 43% pay-out ratio of Security Bank