TransJamaican Highway board of directors declared an interim dividend payment of 12.92 cents per share payable on October 24, to shareholders on record as at the close of business on October 3, 2025. The ex-dividend date is October 3.
Total dividends for this year amount to 25.5 cents, with a yield of 6.4 percent, including a dividend of 12.58 cents paid in April.
The company’s prospectus in 2020 stated, “based on the projected operating profits, distributable reserves and cashflows, the Company is projecting dividend yield, averaging 5.3 percent to 8.7 percent in 2020-2025 and an average of 24.5 percent to 35.8 percent thereafter on the Offer Price”. The stock was offered to the public at $1.41 and would result in a dividend payment between 34.5 and 50.5 cents per share, starting in 2026, with a yield of 8.6 to 12.6 percent based on the last traded price of $4.
The yield is going to help push the stock price higher into 2026, along with earnings for the current year of around 50 cents per share.
ICInsider.com projects turnout around 50 percent, with 46 percent the most likely outcome. In 2016, some 289,000 or 16 percent of the 1,824,412 registered voters cast their votes by 11:30 am and at 3 PM, 728,670 votes were polled, accounting for 39.94 percent of the votes cast, with a final tally of 882,389 for a 48.4 percent outcome.
According to Statin, the main contributor to the increase was a 0.9 percent rise in the index for the Food and Non-Alcoholic Beverages division, with the Food group rising by 0.9 percent, while the index for the Non-Alcoholic Beverages group increased by 0.4 percent.
For the five months to May 2025, remittance inflows amount to US$1.422 billion, up 3.6 percent over the first five months of last year, with total inflows of $1.373 billion.
Traffic passing through Montego Bay moved from 443,400 last year in July to 510,600, resulting in the year to date performance slipping just 2.2 percent to 3.114 million, from 3.186 million last year. The improvement comes against the backdrop of signs of stability in the June numbers that fell a mere 1.9 percent, 1.6 percent in May and 1.3 percent in April, compared with a year to date decline of 5.1 percent in June, 6.5 percent to April and 8.1 percent to March.
This development, if sustained, has far-reaching implications for a wide range of the economy. Apart from indicating a pick-up in foreign exchange inflows, companies supplying goods and services to the tourism sector should see an increase in business activities.
One has to go back in time to find a better month of trading, with the average for December 2023 of 466,866 units at $1.11 million.
Remittance inflows to Jamaica increased by US$7.5 million or 2.6 percent to US$295.5 million in April this year, from US$288 million in 2024. Inflows for April this year are the second highest monthly flows for the year so far, following March with US$302.4 million, which grew by 1.8 percent over the 2024 period.
NCB traded 22768 units trading down to $40 at 9.25 am, it then dropped to $38.03 also at 9.25 and bounced back to $40.95 with an exchange of 10,000 at 9.36 AM and went downhill from there with 106,000 units traded a few cents above $36 and 330,909 shares between $35.01 to $35.10.
The change comes against the backdrop of concerns by many that the economy was growing much faster than the original official data suggested. ICInsider.com assessment of the adjustment, is that the economy is officially twice the size, as was previously thought.
Passengers traffic passing through Sangster International Airport in Montego Bay during June this year fell by 8,500, a fall of 1.9 percent, with 438,900 incoming and outgoing passengers compared to 447,400 in June 2024.