MONTERREY, Mexico--(BUSINESS WIRE)--Servicios Corporativos Javer, S.A.B. de C.V. (“Javer” or “the Company”) (BMV:JAVER) announced today that the third installment of its dividend payment equivalent to Ps. 026 per share, totaling Ps. 72,420,506.86, will be paid on October 18, 2016. The Company’s total shares outstanding are 278,540,411. The shares held in Treasury as per Javer’s share repurchase program activity will not be considered for the dividend payment in accordance with article 56 of Securities Market Law.
The total dividend equivalent to Ps. 1.705318084 per share and to be paid in four installments was declared at the Annual General Shareholders’ Meeting held on April 29, 2016. The first two installments were paid on May 18th, 2016 and July 19th, 2016 and were also equivalent to Ps. 0.26 per share.
For those shareholders of Javer who hold shares deposited with S.D. Indeval, the payment will be made at their offices located at Paseo de la Reforma No. 256, 3rd floor, Colonia Cuauhtémoc, Delegación Cuauhtémoc, 06500, in Mexico City, beginning on October 18, 2016, Monday to Friday from 9:30 to 13:00; and for those shareholders of the Company who have physical certificates representing shares, the payment will be made at the Company’s headquarters, located at Av. Juarez 1102, Colonia Centro, 64000, Monterrey, Nuevo León, beginning on October 18th, 2016, Monday to Friday from 9:00 to 15:00.
Servicios Corporativos Javer S.A.B. de C.V. is one of the largest housing development companies in Mexico, specializing in the construction of low-income, middle income and residential housing. The Company began operations in 1973, and is headquartered in the city of Monterrey, Nuevo Leon. Javer is the largest supplier of the Infonavit system in the country, holding a 4.5% market share in 2015; in addition, it is the largest supplier of Infonavit loans in the state of Nuevo Leon and Aguascalientes with a 17.8% and 11.0% market share in 2015, respectively. Javer is the second largest supplier of Infonavit loans in the State of Jalisco and Queretaro with a 10.1% and 9.1% market share, respectively; and the third largest in the State of Mexico with 5.0% market share in 2015. The Company operates in the states of Nuevo Leon, Aguascalientes, Tamaulipas, Jalisco, Queretaro, State of Mexico, Quintana Roo and recently in Mexico City. During 2015, the Company reported revenues of Ps. 6,458.9 million and sold a total of 18,565 units. For more information, visit: www.javer.com.mx