NCB Financial Group has announced the dates when their board will consider dividend payments for 2018, in a break from the historical practice of making an announcement a few days before the board meets to consider the quarterly payment.
The practice is in keeping with what obtains in Trinidad with several listed companies pre-announcing dates for dividends, publication of quarterly reports and annual general meetings. The move enhances transparency in the capital market where all concerned are aware of important announcements. NCBFG advises that the board of directors intends to consider the payment of dividends to stockholders on the following dates this year, January 25, April 26, July 26 and November 8. The dates usually coincide with the release of the quarterly reports.
NCB pre-announces dividend dates
Supreme Ventures jacks dividend to $844M
Supreme Ventures has pushed up the dividend payment fresh after the major changes in ownership and recent board changes to $844 million.
The new board declared an interim dividend of 14 cents per share payable on December 4, 2017 to shareholders on record as at November 20, 2017 and a special dividend of 18 cents per share to be paid on the same day as the interim dividend. The ex-dividend date will be November 16. On august 9, a dividend of 16 cents was paid and 14 cents per stock unit was paid on May 31.
The new directors who were appointed to the board effective October 23, following increased ownership by Mayberry West Indies Limited to 8.56 percent, Bamboo Holdings of 1.2 percent and Mark Berry to 1.05 percent of the company are Ansel Howel, Christopher Berry, Gary Peart. Paul Hoo former chairman of the boards resigned as the company’s chairman on the 4th of November.
10 for 1 split for Carreras shares
Carreras as high as $110 after stock split announcement.
The directors of Carreras advised that they will be recommending a 10 for 1 stock split to members of the Company at its Annual General Meeting scheduled for September 6.
In order to facilitate the proposed subdivision of the existing ordinary shares in the capital of the Company, the maximum number of shares that the Company is authorized to issue is to be increased by a subdivision into 10 ordinary shares for each one that currently exists and thus raising the authorized capital to $4.8544 billion units with effect from the close of business on September 20, 2017. The existing issued shares are to be increased from 485,440,000 units of no par value to 4,854,400,000 ordinary shares of no par value. The ex-stock split date is September 18, 2017.
Carreras stock trades at $110 on the main market of the Jamaica Stock Exchange.
Bonus on cards for Carreras
Carreras as high as $108 after stock split announcement.
Shareholders in cigarette marketers, Carreras could be enjoying the benefits that could flow from a stock split.
The company today advised that the Board of Directors will meet on August 8, to consider whether to recommend to the Company’s stockholders for consideration at the upcoming General Meeting scheduled for September 6, a split of the Company’s issued shares.
In Wednesday’s trading investors pushed the price to $108 in early trading. In recent weeks the stock has become very scares with low interest rates in the system and high dividend paid by the company.
Others to likely split as liquidity continues to dry up are Palace Amusement, Blue Power, Access Financial and NCB Financial Group that now has little selling of its shares with the price over $80 and 33 percent growth in earnings that should push full year earnings to more than $8 per share. Management of the company at a recent press briefing stated that no consideration has been given for this and suggested that the company won’t benefit from it. That in fact is not a correct statement as both the company and shareholders will benefit if it were to take place.
Carreras dividend yield 11.5%
Dividend hiked at Carreras
Carreras has declared an interim dividend of $2.10 per stock unit, payable on June 28, 2017, to stockholders as shown on the Register of Members as at June 9. The stock will commence trading ex-dividend on June 7. The payment will bring the dividends for the last twelve months to $7.50 per share, for a yield of 11.5 percent based on the price of $65.40, at the end of June 2016.
The company paid an interim dividend of $2.20 per stock unit to stockholders on the Register of Members at February 17, this year, an interim dividend of $1.70 per stock to stockholders on record at November 24, 2016 and a dividend of $1.50 per on August 30, 2016.
Carreras traded as high as $84 this year and is trading currently at $77.73 on the Jamaica Stock Exchange and traded at a low of $60 in the last twelve months.
For the December 2016 quarter, Carreras‘ profit after tax rose 24 percent to $1.1 billion, from $889 million and for the nine months, it moved 23 percent, from $2.28 billion to $2.79 billion. IC Insider.com is forecasting $11.50 earnings per share for the current year that ends in March 2018 as the price of cigarettes was raised this year. The increased earnings would result in an increased dividend payment.
50c dividend for Berger
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The board of Berger Paints Jamaica approved a Special Dividend of Twenty Cents and a final of Thirty Cents per ordinary stock unit to be recommended to shareholders at the 2017 annual general meeting.
The payment is expected to be on August 4, to shareholders on the Company’s register at the close of business July 21, 2017. The ex-dividend date is set for July 19.
The proposed payment is exactly in line with IC Insider.com’s forecast. IC Insider forecasted earnings of $1.30 per share for 2016 and $1.90 for 2018 and suggested that the results equated to dividend of approximately 50 cents per share for 2016 and around 70 cents for 2018.
In 2016, the company made net profit of $122 million compared to $67 million in 2015 and earnings per stock unit 57 cents in 2016 and 31 cents in 2015. A dividend of 20 cents per share amounting to $42.86 million and representing 35 percent of profit for the year ended March 2016 was paid on July 14, 2016 and a dividend of 12 cents per share amounting to $25.7 million or 38.35 percent of 2015 profit was paid in 2015.
The stock traded on the main market of the Jamaica Stock Exchange at $16.51.
$1.5B for NCB Group shareholders
NCBFG paying 60C in dividend in May.
NCB Financial Group approved an interim dividend of 60 cents per ordinary stock unit at its board of directors meeting on April 27. The dividend will result in a total payment of $1.48 billion.
The dividend is payable on May 29, 2017 to stockholders on record as at May 12, 2017. In 2016, NCB paid a dividend in December of 90 cents per share, that brought the full year payment to $2.40 for a pay-out of 38 percent of profit. In January this year, a dividend of 60 cent was paid to shareholders. On May 27, last year, an interim dividend of 50 cents per share was paid to the group’s shareholders. This year’s payments come against a 58 percent jump in profit over the prior year to March to $9.5 billion.
In trading on the Jamaica Stock Exchange, the group’s stock traded at $63.75 and at TT$3.99 on the Trinidad Stock Market.
Dolphin Cove another 2017 dividend
Dolphin Cove shareholders are in for another early 2017 dividend, as the company’s directors at a meeting held on April 25, approved an interim dividend of Twenty Cents per share payable on Tuesday, May 30, to shareholders on record on May 10.
The upcoming payment brings the payment for 2017 to 40 cents as the company paid an interim dividend of 20 cents per share on April 4, 2017. Based on the latest proposed payment, the stock will trade ex-dividend on May 8.
The company paid dividends of 20 cents per stock unit in May, August and November last year. The stock last traded at $20.08 on the junior market of the Jamaica Stock Exchange and is up from $15.50 at the start of 2017.
Dividend consideration for Berger
The audited financial s
tatements for Berger Paints Jamaica will be considered at a meeting of the company’s Board of Directors at a meeting scheduled for Friday, April 28.
The board is expected to approve the audited statements for the year ended March 31 and to consider payment of a Dividend.
In 2016 the company made net profit of $122 million compared to $67 million in 2015 and earnings per stock unit 57 cents in 2016 and 31 cents in 2015. A dividend of 20 cents per share amounting to $42.86 million and representing 35 percent of profit for the year ended March 2016 was paid on July 14, 2016 and a dividend of 12 cents per share amounting to $25.7 million or 38.35 percent of 2015 profit was paid in 2015. IC Insider.com forecast is for earnings of $1.30 per share for 2016 and $1.90 for 2018 that should result in dividend of approximately 50 cents per share for 2016 and around 70 cents for 2018.
$190m JSE dividends for 2016
The Jamaica Stock Exchange announced the payment a final dividend for 2016 of 3.56 cents per share in May, bringing the for 2016 profits and $190.2 million, Mrs. Marlene Street-Forrest, newly promoted Managing Director of Stock Exchange informed IC Insider.com.
In 2015 we paid $140.2 million, representing 80 percent of consolidated profit and $190.2 million of the 2016 profits a total of 85 percent of group profits Street-Forrest stated. The payments over the last two years is in contrast with the stated dividend policy is no less 20 percent of profits to be paid in each year.
The payment was approved at a Special Meeting of the Board of Directors held on April 25 and is payable on May 31, 2017 to shareholders of record on May 11. The stock will start trading ex-dividend on May 9, 2017.
Last year, the JSE paid a dividend of 12.96 cents per share in December and a dividend of 53 cents per share, on May 6, 2016 based on number of shares in issue at the time. The JSE later in the year split their issued shares into 5 for each one.
The JSE will need to enjoy another big break in 2017, if they are to beat the results of $224 million made in 2016 from revenues of $921 million. In the first quarter of 2016, the JSE earned one off income estimated by IC Insider.com around $110 million from the sales of the Desnoes and Geddes shares to Heineken after the latter acquired majority shares in the local company.
