H&L ups dividend slightly

December 20, 2014 by

Rapid True Value one of the Companies owned by Hardware & Lumber

Rapid True Value one of the Companies owned by Hardware & Lumber

Hardware and Lumber increased the dividend payment for 2014 over the amount paid for 2013. The company declared an interim dividend of 32 cents per stock unit payable on January 23, 2015 to stockholders on record as at the close of business on January 7, 2015.
The stock will trade Ex-dividend on January 5, 2015. An interim dividend 30 cents per stock unit was paid on January 17, 2014 in connection with the 2013 profit. The increased dividend comes in the wake of Hardware and Lumber reporting profit after tax for the nine months to September of $113 million, or 26 percent more than the $90 million, for the same period in 2013. Earnings per stock unit for the nine months, is $1.40, up from $1.11 for the comparative period in 2013.

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First Citizens 2014 profit up slightly

December 13, 2014 by

First_Citizensbull280x150Trinidad’sFirst Citizens Bank reported profit of $773 million before taxation for the year to September compared to $745 million in 2013. Profit after tax, amounted to $627 million in 2014, up 2.9 percent over the profit of $609 million of 2013.
For the October 2014 quarter pre-tax profit rose 9 percent over 2013 to reach $180 million from $165 million but profit after tax for the quarter was virtually flat at $149 million versus $145 million in 2013. The information was included in an abridged version of the bank’s results for 2014.
Citizens had assets of $34.9 billion at the end of September marginally down from the $35 million at the end of June. Since June customer deposits fell from $26.5 billion to $25.7 billion. The bank did not report details on loans at September. At the end of June this year, there was no growth in this asset which stood at $13.75 billion, slightly down on the amount at September 2013 and is hardly likely to have changed much since with flat assets.
Earnings per share amounted to $2.50 for 2014. The stock remains on the Buy Rated list with earnings per share of $2.75 projected for 2015 and a target price in the around $45.
A final dividend of 61 cents per share payable in December was declared, and it brings the total for the year to $1.18, up from $1.09 per share paid as the final dividend for the 2013, the amount was paid in January 2014.
The dividend policy of the Citizens is to distribute to its ordinary shareholders funds surplus to the operating capital and strategic requirements of the Group, as determined by the Directors, with an annual target dividend pay-out percentage range of 45 to 55 percent of net profit after-tax.
The company was listed on the Trinidad and Tobago Stock Exchange in September 2013, after a successful public share issue.

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50% dividend hike at Pan-Jamaican

November 18, 2014 by

PanJam bldgPan-Jamaican Investment declared a dividend of 75 cent per stock unit payable in December and is 50 percent higher than the 50 cents per share, paid at the same time in 2013.
The fourth interim dividend for 2014 is payable on December 22, to stockholders on record at November 28. The ex-dividend date is November 26. Previously, the company hiked the interim dividend paid on September 26 to 70 cents per stock unit. Interim dividends of 60 cents per share were paid on June 20 and on March 31, this year. The payments for the year translate to a yield of just over 5 percent.

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Rich year for Carreras’ shareholders

November 15, 2014 by
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Carreras_tobacco280x150Carreras declared yet another dividend payable to shareholder in December, with the latest being $1 per stock unit to be paid out of proceeds received from the liquidation of a subsidiary. The payment is pending the granting of a transfer tax exemption pursuant to the Transfer Tax Act.
The interim special capital cash distribution will be paid on December 18, to stockholders on record as at December 1, 2014. The ex-dividend date is November 27. The distribution follows the interim dividend of $1.20 per stock unit due for payment on December 11, 2014, to stockholders on record at November 20. The payment will bring to total for 2014 to $8.09 for a return of 22 percent for the year based on the stock price of $36.75 at the end of 2013. The stock closed at $37 on Friday on the Jamaica Stock Exchange.
In September, Carreras paid an interim dividend of $1.20 per stock unit, the company also paid an interim dividend of $1.75 per stock unit on June 26. On March 13 they paid $1.62 per share.
A special capital cash distribution of $1.34 per stock unit was paid on July 31 and a special capital cash distribution of $1.18 was last paid on January 30, this year.
Profit up|Carreras just announced results for the six months to September, with an 18.5 percent increase in revenues for the quarter, over that of 2013 and 19.3 percent for the six months, to September.
Profit after tax, rose 28 percent in the quarter, to reach $614 million, up from $485 million in 2013, and for the six months, growth was less robust, at 12 percent, to reach $1.22 billion from $970 million.
Profit margins got squeezed, rising only 13 percent for the six months and 9 percent in the quarter, no doubt due to the devaluation of the local dollar and the lack of a price increase so far. Revenues are recovering from the 2013 price increase, and from the front loading by merchant of inventories ahead of the increase. The company is on track to earn somewhere in the region of $6 per share for the current year, that will help move the price up. The stock remains IC Insider BUY RATED.

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NCB hikes dividend, profit up 36%

November 13, 2014 by

NCB Nkgn -2014National 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.

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JMMB maintains dividend

November 10, 2014 by

jmmb150x150 Jamaica Money Market Brokers (JMMB) is holding the December 2014 dividend payment steady, with the amount paid last year, at the same time.
JMMB declared of a dividend of 16 cents per ordinary share payable to shareholders on record as at November 21. to be paid on December 16, 2014. The stock will trade ex-dividend on November 19, 2014.
The company paid a dividend of 17 cents per ordinary share on June 26, this year. A payment of 16 cents per share was made on December 18, last year.

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Dividends at Carreras, Grace & Proven

November 6, 2014 by

Carreras 4Carreras will be paying another interim dividend of $1.20 per stock unit out of accumulated profits on December 11, 2014, to stock holders on record at November 20.
The stock will trade Ex-Dividend on November 18, 2014.
Grace Kennedy will pay an interim dividend of $0.85 on December 16, 2014 to stock holders on record at November 28, 2014. The stock will trade Ex-Dividend on November 26, 2014.
Proven Investments has advised that a dividend of US$0.0012 will be paid on December 2, 2014. The record date is November 18, 2014 and the X-dividend date is November 14, 2014 and J$0.10 was declared to Preference Shareholders with record date December 9, 2014 and payable on December 23, 2014. The ex-dividend date for the stock is December 5, 2014.

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Dividend by Medical Disposables

November 3, 2014 by

Image courtesy of DreamDesigns/FreeDigitalPhotos.net

Image courtesy of DreamDesigns/FreeDigitalPhotos.net

Medical Disposables & Supplies declared their first dividend, since listing in December, last year.
Medical Disposables will be paying an interim dividend of 4 cents per share on November 19, to shareholders on record at November 14, 2014. The stock which is listed on the junior market of the Jamaica Stock Exchange, will start trading ex-dividend, on November 12, 2014.
The company is enjoying good times, with improved results for the September quarter, with profit after tax rising 66 percent for the quarter, versus the 2013 quarter. For the six months, profit after tax rose 60.6 percent, to $38.7 million, from $24 million.

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D&G increases dividend

November 3, 2014 by

D&GRed-StripeSilos280x150Desnoes & Geddes will be paying an interim dividend of 27 cents per share on December 15, to shareholders on record at November 13.
The stock will trade ex-dividend on November 11. The company paid an interim dividend of 20 cents per share and a special dividend of 5 cents per share on December 20, last year.
They also paid interim dividend of 10 cents per share and a special dividend of 15 cents per share on May 16, 2014.

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Dividend likely for Eppley

October 28, 2014 by

eppleytype280x150The Board of Eppley Limited will meet on Thursday, November 13, to consider the payment of an interim dividend.
For the current year, Eppley paid an ordinary dividend of $9 per share on September 2. An ordinary interim dividend of $9 per share was paid on May 29 and $9 per share was also paid on February 28, this year.
Profit before tax, was up 67 percent for the six months to June this year, but only 21.5 percent in the June quarter, and after tax it was up 112 percent for the quarter, and 119 percent year to date, for a net profit of $29.6 million. There is no tax payable of the profit for the current year, as the company enjoys tax free status for 5 years, under the junior market listing incentive.

Filed Under: Company News, Company Results, Dividends