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NCB Financial Group's headquarters on Trafalgar Road in New Kingston, Jamaica (File photo)

Listed companies declare dividends as pay-out to investors

NCB Financial Group's headquarters on Trafalgar Road in New Kingston, Jamaica (File photo)

Investors can look forward to pay-outs from listed companies in the following weeks based on reports pulled from the Jamaica Stock Exchange.

First up, on the heels of their renounceable rights offer, Kingston Properties Limited (KPREIT) has advised that the KPREIT’s Board of Directors at their meeting on November 1, 2019 that, “A dividend to shareholders on record as at November 15, 2019 was declared in the amount of US$0.00078 per unit. The payment date is December 12, 2019 and the x-dividend date is November 14, 2019”.

Miami Loft II – Kingston Properties holds 12 units in this 36 floor building.
(Photo: Kingston Properties)

Up next is betting and gaming giant, Supreme Ventures Limited (SVL).  The company has declared an interim dividend of seventeen cents ($0.17) per stock unit payable on December 4, 2019 to shareholders on record as at November 21, 2019.  The ex-dividend date is November 20, 2019.

The ex-dividend date is the date that you must be recorded as a shareholder.

Cigarette distributor, Carreras Limited (CAR) has declared an interim dividend of $0.17 per stock unit payable on December 12, 2019 to shareholders on record as at November 21, 2019. The ex-dividend date is November 20, 2019. 

Carreras Managing Director, Marcus Steele (Photo: Naphtali Junior/Jamaica Observer)

International food giant, GraceKennedy (GK) has advised that its Board of Directors on November 7, 2019 has agreed to pay an interim dividend of 40 cents per stock unit to be paid on 13th December 2019 to the stockholders on record at the close of business on 22nd November 2019. 

Jamaica’s number one bank, NCB Financial Group Limited (NCBFG) has advised that its Board of Directors, at a meeting on November 7, 2019, declared an interim dividend of $0.90 per ordinary stock unit. The dividend is payable on December 6, 2019 to stockholders on record as at November 22, 2019. The ex-dividend date is November 21, 2019.

The sole provider of electricity, the Jamaica Public Service Company Limited (JPS) has advised that its Board of Directors has approved quarterly preference dividends to be paid on December 31, 2019 to preference shareholders on record as at December 13, 2019 on the undermentioned classes of preference shares and Exdate September 12, 2019:

·   7% Cumulative Preference Shares “B” – $0.035

·   5% Cumulative Preference Shares “C” – $0.025

·   5% Cumulative Preference Shares “D” – $0.025

·   6% Cumulative Preference Shares “E” – $0.03

Further, JPS has also advised that the Board has approved a Class F Preference Share dividend payment of Five Hundred and Eight-Eight Thousand United States Dollars and Twenty-five Cents (US$588,000.25) or 0.23945205478 United States Cents per share/stock on the Class F Preference Shares of the Company payable on November 22, 2019 to share/stockholders on record at close of business on November 8, 2019.  This amount will be distributed out of retained earnings, states JPS.

Access Financial Services Limited (AFS) has advised that its Board of Directors approved a dividend payment to ordinary shareholders of the Company, at a meeting held on October 29, 2019.

The dividend payment is outlined below:

·   Dividend per share – $0.10

·   Record Date – November 14, 2019.

·   Payment Date – November 28, 2019

·   Ex-Dividend Date – November 13, 2019

Photo: Fontana Pharmacy

And finally, leading pharmacy, Fontana Limited (FTNA) has advised that at a Special Board of Directors’ meeting held on October 29, 2019 a dividend of 4 cents ($0.04) per share was declared. The dividend will be paid on January 17, 2020 to shareholders on record at the close of business on January 3, 2020. The ex-dividend date is January 2, 2020.