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Puerto Rican Cement Declares Q3 Dividend

Bnamericas
The board of directors of Puerto Rican cement producer PRC (NYSE: PRN) yesterday declared a regular third quarter dividend of US$0.19/share, based on US$1.00 par value, payable on November 11, 1999. The company had previously reported 1H99 net income of US$828mn, up from US$694mn in 1H98. It also mentioned improved results due to higher sales volumes both in the cement and ready mix operations, and plant productivity increases. PRC produces cement and related products. The company also has real estate operations.

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