Sagicor Group Jamaica are set to enjoyed an increase in the dividend for 2017 as the group has just announced an increase of 4 cents over the amount paid for the similar period in 2016.
The group in declaring the first dividend of 2016 has set a later date for payment than in 2016 with the a payment of Seventy Cents per share, payable on May 5, to shareholders on record as at April 24. The ex-dividend date will be April 20.
Last year Sagicor paid an interim dividend of sixty-six cents per share on April 19 and on November 25, 2016 an interim dividend of Forty-five Cents was paid, for a total for the year of one dollar and one cent or just under 35 percent of the profits.
Last year the company reported profit attributable to stockholders of $11.26 billion up 15 percent from the $9.79 billion earned in 2015, with earnings per share ending at $2.90 for 2016. Total revenue for 2016 amounted to $59.7 billion up from $55 billion in 2015.
The company’s shares closed trading on the Jamaica Stock Exchange on Thursday at $34, and is up from $23.10 at the same time last year, for a gain of 47 percent, just below the movement in the all Jamaica index of 47.5 percent, over the similar period.
Shareholders of Sagicor Group ups dividend
April 6, 2017 by