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Financial News

Mar 2019 Financial News

GraceKennedy Limited - Change in Dividend Policy

Mar 06, 2019

GraceKenndy Limited has advised that its Board of Directors has approved a new policy for payment dividends. Under the new policy the company will increase dividend payments to a minimum of 20% of Net Profit Attributable to Stockholders, up from a minimum of 15%. The decision was also taken to increase the frequency of dividend payments from three to four times yearly. The policy must be viewed against the background of an unpredictable environment and is subject to available cash flow.


Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday 06 March, 2019