At least one major player in the financial sector, Chris Berry, chairman of Mayberry Investments, is cautioning about the recently imposed suspension of dividend payments by the Bank of Jamaica (BOJ).

Last week the BOJ ordered that local financial holding companies and deposit-taking institutions suspend the distribution of dividends for the 2020 financial year. The central bank said the suspension is being done with a view to conserve capital and further enhance licensees’ lending and loss-absorption capacities.

However, Berry has concerns about the move, because while it seeks to protect liquidity in listed companies it could also scare away potential investors. Speaking at Mayberry’s Virtual Investor’s Forum last Wednesday, Berry made his concerns known.

http://www.jamaicaobserver.com/business-observer/berry-cautions-about-boj-imposed-dividend-suspension_193563