Eppley Limited will be making a dividend of $37.19 per share payable on March 17, 2015 to ordinary shareholders on record as of March 10, 2015.
The stock will trade X-dividend on March 6. The payment will bring the total dividend out of profit of 2014 of $46.19 providing a dividend yield of 12.15 percent per share based on the stock price of $380. The total dividend paid out of profit for the year, amounts to $36.77 million.
The company paid a dividend of $9 per share on September 2, 2014. Eppley reported profit of $51 million or $64.19 per share for 2014, an increase over the $39 million for 2013.
$46 PS for Eppley’s dividend
February 18, 2015 by
Carreras’ owners enjoying dividends
February 11, 2015 by
Carreras declared an interim dividend of $1.60 per share payable on March 12, 2015 to shareholders on record as at February 20. The stock will traded ex-dividend on February 17.
The company last paid dividend of $1 per stock on December 18, and an interim dividend of $1.20 per stock unit on December 11, 2014. 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.
In September, last year Carreras paid an interim dividend of $1.20 per stock unit, $1.75 per stock unit was paid on June 26. On March 13, 2014 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, last year. The company still has more capital distributions to make when they receive the proceeds from the sale of the property in Twickenham Park which is sold at $395 million before transfer cost and the balance of funds due from the tax authorities for over payment of company taxes which amounted to $940 million at the end of September, last year.
The stock traded as high as $45 on Wednesday February 11, on the Jamaica Stock Exchange.
Money coming for Access owners
February 3, 2015 by
Access Financial Services declared an interim dividend of 18.21 cents per ordinary stock unit to be paid on March 20, 2015 to stockholders on record as at March 6. The stock will traded ex-dividend on March 4.
Access last paid an interim dividend of 36.5 cents on September 1. Prior to the 2014 payment Access also paid 31 cents per share on August 15, 2013. The high risk lender reported profit increasing by 20 percent to $239 million for the nine months to September, last year. Earnings per share amounted to 87 cents. Access is listed on the junior market of the Jamaica Stock Exchange and last traded at $9.20.
NCB modifies dividend payments
January 25, 2015 by
National Commercial Bank Jamaica, (NCB) approved the payment of an interim dividend of 45 cent per ordinary stock unit to be effected on February 20, 2015, for stockholders on record at February 6. The ex-dividend date is February 4.
The amount to be paid represents 51.7 percent of the reported profit of 87 cents per share for the quarter to December and just under 40 percent of the profit of $1.13 per share adjusted for the up front charge of the bank asset tax, the amount cannot be spread out over the full year on a month by month basis as was done in the past based on new accounting standard. The latest 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.
H&L ups dividend slightly
December 20, 2014 by
Rapid True Value one of the Companies owned by Hardware & Lumber
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.
First Citizens 2014 profit up slightly
December 13, 2014 by
Trinidad’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.
50% dividend hike at Pan-Jamaican
November 18, 2014 by
Pan-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.
Rich year for Carreras’ shareholders
November 15, 2014 by
Carreras 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.
NCB hikes dividend, profit up 36%
November 13, 2014 by
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.
JMMB maintains dividend
November 10, 2014 by
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.