Paramount Trading will be paying a final dividend of 39 cents on November 23, 2015 to shareholders on record as at November 12.The ex-dividend date is November 10, 2015.
The company made profit of 95 cents per share for the fiscal year to May 2015 and 61 cents in 2014. The 2015 payment represents 41 percent of profit and equates to a dividend yield of 14.89 percent based on the price of $2.62 at the start of the year. For the quarter ending August earnings grew 27 percent to 28 cent per share versus 22 cents in the same period in 2014.
Paramount Trading paid a dividend of 15.1 cents per share payable on December 12 last year.
the company’s shares are listed on the junior market of the Jamaica Stock Exchange and last traded at $7.10.
Paramount more than doubles dividend
November 2, 2015 by
[…] hands, Lasco Manufacturing closed at $3.75 with 65,070 shares trading with a loss of 20 cents and Paramount Trading ended with 3,102 shares changing hands and gained of $1.79 to $9, for a new 52 weeks’ […]