Victorias Milling 100% stock dividend Record Date approved by SEC
Victorias Milling Company [VMC 3.62, up 20.3%; 421% avgVol] [link] disclosed that the Record Date for its 100% stock dividend has been approved by the SEC to be Sept. 17, 2024. The stock dividend to issue 2,742,050,564 new shares was already approved by stockholders back on Feb. 7, 2023, and the overall plan was approved by the SEC back on August 21 of this year. While this approval sets the Record Date, the actual payment date of the stock dividend is still unknown; VMC said that it is “still being finalized.” The stock dividend is intended to satisfy the PSE’s paid-up capital requirements to support an increase in VMC’s authorized capital stock (ACS) from P3.042 billion to P10.0 billion.
