The Bank of Jamaica (BOJ), following a recent meeting with the representatives of financial holding company designates (FHC) and deposit taking institutions (DTIs), has agreed to the resumption of dividend declarations and distributions from these entities.

Prior to this, the central bank had authorised the suspension of dividend payment from these institutions since April last year following the outbreak of the novel coronavirus pandemic on the island.

 

“Effective immediately, the boards of FHCs and DTIs can choose to resume the distributions of dividends to shareholders owning more than one per cent of issued shares which had been declared for their 2019 and 2020 financial years. Dividends for 2021 can be declared and distributed to shareholders owning more than one per cent of issued shares,” the BOJ said in a news release issued on Monday.

https://www.jamaicaobserver.com/business-observer/boj-authorises-resumption-of-dividend-payment_218615?profile=1056