The Ayala Corporation (AC) in its Corporate Disclosure dated April 18, 2011 has made a declaration of 20% stock dividend. This is to increase their authorized capital stock of the said corporation. As a still rather new stock investor, I am just as tempted to buy some shares just as I have been thinking for quite sometime.According to the disclosure, the Securities and Exchange Commission (SEC) will determine the record date of those stock holders who will be entitled to such stock dividend.

Around February 25th of this year, their stock price was around P329. I already thought it was high. About a month ago, it was around P385. Today, it opened at P383, selling as low as P380 to as high as P388 per share then closed at P384 just one peso higher than the opening price today.

Are you a stockholder of AC? Would you recommend me to buy their stocks at the current market price? I am a bit interested in their stock dividend.