MONTERREY, Mexico--(BUSINESS WIRE)--Servicios Corporativos Javer, S.A.B. de C.V. (“Javer” or “the Company”) (BMV: JAVER), announced today that the first installment of its dividend payment equivalent to Ps. 0.0825732966984098 per share, totaling Ps. 23,000,000.00, will be paid on August 29, 2017. 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. 0.256695248432013 per share payable in three installments was declared at the Annual General Shareholders’ Meeting held on July 12, 2017.
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 August 29, 2017, Monday through 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 August 29, 2017, Monday through Friday from 9:00 to 15:00.
Servicios Corporativos Javer S.A.B. de C.V. specializes in the construction of low-income, middle income and residential housing and it is the largest housing development companies in Mexico in terms of units sold. The Company began operations in 1973, and it is headquartered in the city of Monterrey, Nuevo Leon. The Company operates in the states of Nuevo Leon, Aguascalientes, Tamaulipas, Jalisco, Queretaro, State of Mexico, Quintana Roo, and had operations in Mexico City with a residential project in 2016. Javer is the largest supplier of the Infonavit system in the country, holding a 4.9% market share in 2016; in addition, it is the largest supplier of Infonavit loans in the state of Nuevo Leon, Jalisco, Queretaro and Aguascalientes with a 15.1%, 15.0%, 12.9% and 12.7% market share in 2016, respectively; the second largest supplier of Infonavit loans in the State of Mexico with a 7.1% market share, and the fifth largest in Quintana Roo with 4.8% market share, where the Company started operations in 2014. During 2016, the Company reported revenues of Ps. 7,052 million and sold a total of 18,352 units.