Sagicor to pay dividends to shareholders with shareholdings under 1%

Sagicor to pay dividends to shareholders with shareholdings under 1%

Wednesday, June 03, 2020

Print this page Email A Friend!

ON Monday, financial conglomerate Sagicor Group Jamaica Limited announced that it will begin to pay dividends to shareholders holding one per cent or less of issued shares, as at April 24, 2020, on June 11 following approval from the Bank of Jamaica (BOJ).

Sagicor had postponed its previously declared interim dividend payment of 40 cents per stock unit, due to the suspension of dividends for the 2020 financial year from financial holding companies and deposit- taking institutions – as instituted by BOJ.

The central bank said the suspension is being done with a view to conserve capital and further enhance licensees' lending and loss-absorption capacities.

According to Chairman Peter Melhado, the group's funding and liquidity position will comfortably allow it to support the payout of the previously announced dividend to its shareholders who were adversely impacted by the suspension.

Abbion Robinson

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon