National Commercial Bank has hiked the final for this year to 96 cents per share to stockholders on Thursday December 11, from only 16 cents last year December.
The dividend will be due to Stockholders on record at November 28. The banking group paid 16 cents per share in December, last year. NCB reported net profit of $11.6 billion, an increase of 36 percent or $3.1 billion to generate earnings per stock unit of $4.73 for the year to September.
The final payment for 2014, brings the total dividends, for the year to $1.98. National Commercial Bank made dividend payment of 35 cents per share in August 25, on May 22, the payment was 35 cents per share and 32 cents per share on February 20 this year.
NCB hikes dividend, profit up 36%
November 13, 2014 by
Trackbacks
-
[…] Bank and Scotia Group pulling the main market indices down more than 700 points. On Thursday National Commercial Bank closed at a new 52 weeks high at $19.99, leaving a big gap between buyers and sellers, hence the […]
-
[…] National Commercial Bank Jamaica, (NVB) at its meeting on January 22, 2015, declared an interim dividend of 45 cent per ordinary stock unit. The dividend is payable on February 20, 2015 for stockholders on record at February 6, 2015. The ex-dividend date is February 4, 2015. The payment if maintained for the balance of the year would translate to $1.80 per share, a bit less than the total paid last year. In 2014, NCB hiked the final dividend to 96 cents per share to stockholders in December, from only 16 cents, in the prior year, December. The final payment for 2014 brings the total dividends for that year to $1.98. They made dividend payments of 35 cents per share in August, 35 cents in May and 32 cents per share on February last year. IC Insider has been reliable advised, that the banking group decided to up their dividend payments to be ahead of Scotia Group and payment should continue at the heightened levels going forward, effectively moving away from a policy that was chopped and changed for several years to the disgust of many shareholders. […]
-
[…] 2 cents to 43 cents, Jamaica Producers finished with 5,000 shares with a loss of 5 cents to $15.95, National Commercial Bank ended with 19,418 shares changing hands to close 11 cents down to $18, Sagicor Group ended trading […]
-
[…] Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, National Commercial Bank contributing 739,021 shares as the price jumped 34 cents to $18.50, Pan Jamaican Investment ended […]
-
[…] National Commercial Bank pushed provision for loan losses to $988 million in the September quarter, well up from $357 million in the June quarter and $283 million for September 2013, to reach $2.2 billion for the year compared to $2.07 billion. Despite the losses in this area NCB reported profit after tax of $2.9 billion, for the September quarter and $11.6 billion for the fiscal year. Non-performing loans totalled $8.7 billion as at September 2014 versus $7 billion, September, 2013 and represented 5.4 percent of the gross loans compared to 4.8 percent as at September 2013. The total provision for the year amounts to a high 8 percent of total interest income for the segments that lend and would be much higher as a percentage of loan income. After the provision for credit losses, loans and advances, totalled $157.6 billion at September this year and grew by 12 percent, or $16.5 billion, compared to the loan portfolio as at September 2013. […]
[…] Today the banking group stocks closed at $20.25 well off the close on Monday added to the fall National Commercial Bank stock price also fell and helped pulled down the indices. Trading activity saw moderate activity […]