Pryce Corporation (PPC) November 2016

I guess they were right when they said that Pryce will move up once the board decides to pay dividends.

The disclosure released last Monday (November 14) states:

The Board of Directors, at its meeting held today, approved the adoption of a dividend policy for the company where 50% of the prior fiscal year’s consolidated net income after tax will be distributed in cash to the shareholders as dividends. The Board likewise approved a motion that Mr. Salvador Escaño continue as Chief Executive Officer of the Company even after he reaches retirement age.

The quarterly report was also released last week which shows the 57% increase in net income.

Pryce surged last Friday (November 18) breaking its previous high, 4.16, before closing just previous high at 4.17.

ppc-20161118

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