Securing Your Future Is Our Main Investment

Updated: 27-02-2024 - 10:11AM   (2 minutes ago) 1 4 OPEN

Financial News

Feb 2018 Financial News

First Citizens Bank Limited - Notice of Change in Frequency of Dividend Payment & Interim Dividend Payment

Feb 01, 2018

NOTICE TO SHAREHOLDERS OF FIRST CITIZENS BANK LIMITED

CHANGE IN DIVIDEND PAYOUT FREQUENCY, NOTICE OF RECORD DATE AND INTERIM DIVIDEND PAYMENT

 

The Board of Directors of First Citizens Bank Limited (“the Company”), as permitted by the Company’s By-Laws, may resolve to pay interim dividends on its issued and outstanding shares to its Shareholders from time to time. By resolution of the Directors on January 30, 2018, the Board of Directors of the Company have agreed to change the frequency of dividend payments from semi-annually to quarterly. This change has been made for the benefit of the Company’s Shareholders and becomes effective immediately, with quarterly dividends to be paid on profits of the Company for the financial period 2017-2018.

Based on the financial results for the quarter ended December 31, 2017, the Directors have declares an Interim Dividend of TT$0.36 per ordinary share payable on February 28, 2018 to Shareholders on the Register of Members as at February 16, 2018.

In accordance with Section 110 of the Companies Act, Chapter 81:01 of the revised laws of the Republic of Trinidad and Tobago, the Directors have fixed February 16, 2018 as the Record Date for determining the Shareholders who are entitled to receive payment of this Interim Dividend.

Closing of register for the payment of dividend.

The Register of Members will be closed on February 16, 2018.

By Order of the Board.

Linda J. Ballah-Tull
Corporate Secretary
February 1, 2018
 

Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday February 1st 2018