Ionics, Inc. declares dividend at 100% stock shares as per document submitted at PSE last May 18, 2012. 

ION spun off its electronic manufacturing services to a wholly-owned subsidiary, Ionics EMS, Inc. (EMS). Accordingly, ION ceased to be a manufacturing company and amended its primary purpose from that of a manufacturing entity to a holding company.

ION's other subsidiaries include Ionics EMS (USA), Ionics Properties, Inc., Synertronix, Inc., Iomni Precision, Inc., and Ionics Circuits Limited. ION, together with its subsidiaries, is essentially a contract electronics manufacturer. The Company's manufacturing operations are conducted in seven plants located in Calamba and Cabuyao, Laguna.

Upon declaration, lot of speculator jumps in for the ride, however this move is quite risky basing a 100% whops of stock price effect also after payment date. High cautious is advice if wanted to obtain this company share.

source : PSE website