Nov 2009 Financial News

GraceKennedy to make dividend payment in December

Nov 16, 2009

GraceKennedy announced on Friday that it will make a dividend payment on December 18, 2009 of 65 cents per stock unit, or a total of $214 million to shareholders on record as at November 27, 2009.

This was disclosed by the company's chief financial officer, Fay McIntosh, following a meeting of the Board of Directors held on November 12, 2009. The total dividend payment for 2009 of $1.15 per stock unit will be $379 million.

McIntosh added that the company's Register of Members will be closed from the close of business on November 27, 2009 to December 3, 2009.

Gracekennedy's net profit for the three months to September 30, 2009 was $278 million compared to net profit of $557 million net profit reported for the comparative period in 2008.


Source:
Jamaica Observer
Sunday, November 15, 2009

http://www.jamaicaobserver.com/magazines/Business/html/20091114T210000-0500_163832_OBS_GRACEKENNEDY_TO_MAKE_DIVIDEND_PAYMENT_IN_DECEMBER_.asp