TransJamaican Highway board of directors declared an interim dividend payment of 12.92 cents per share payable on October 24, to shareholders on record as at the close of business on October 3, 2025. The ex-dividend date is October 3.
Total dividends for this year amount to 25.5 cents, with a yield of 6.4 percent, including a dividend of 12.58 cents paid in April.
The company’s prospectus in 2020 stated, “based on the projected operating profits, distributable reserves and cashflows, the Company is projecting dividend yield, averaging 5.3 percent to 8.7 percent in 2020-2025 and an average of 24.5 percent to 35.8 percent thereafter on the Offer Price”. The stock was offered to the public at $1.41 and would result in a dividend payment between 34.5 and 50.5 cents per share, starting in 2026, with a yield of 8.6 to 12.6 percent based on the last traded price of $4.
The yield is going to help push the stock price higher into 2026, along with earnings for the current year of around 50 cents per share.