Nuvelco declares dividend for years 2012 to 2016

A total amount of P5,848,717.00 was declared dividend distribution during Nuvelco’s 37th Annual General Membership Meeting on May 12, 2017 at the NUVELCO Main Office, Gabut, Dupax del Sur, Nueva Vizcaya.

The declaration of dividend was surprisingly announced by Lopito Lloyd T. Valdez and Narciso S. Salunat, Chairman and General Manager, respectively, during the presentation of their respective report.  This is in fulfillment of their words during the 2016 general assembly that there will be regular declaration of dividends to bestow to the consumer-owners the fruits of their capital investment made to Nuvelco by subscribing a capital share in the minimum amount of P1,200.

It can be recalled that Nuvelco started collecting a minimum capital share of P1,200.00 as a result of its registration with the Cooperative Development Authority (CDA). As of December 2016, an amount of P105,508,879 was totally collected.

The declared dividend is the result of the positive operation of Nuvelco for the years 2012 to 2016 duly audited by an external auditor, Delio Samulde & Associates.

Based on record, the declared dividend for the year 2012 is 2,262,428.00, year 2013 is P352,430.00, year 2014 is P115,121.00, year 2015 is P1,547,577.00 and year 2016 is P1,571,161.00.# Fredel Salvador.

 

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National Highway, Brgy. Gabut, Dupax del Sur, Nueva Vizcaya

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