Bank of Jamaica (BOJ) Governor Richard Byles has described the decision taken by the central bank last week to temporarily suspend dividend payment from financial institutions as being only a short-term measure, as the country seeks to mitigate the economic fallout from the COVID-19 pandemic.

“It’s just a postponement. I have kindly asked the banks, based on the uncertainty of the current COVID[-19] crisis, to postpone —not cancel — the payment of dividends outside of the financial holding companies for a while,” he said in speaking to Richard “Richie B” Burgess of Edge FM on his Top of the morning show earlier this week.

http://www.jamaicaobserver.com/business-observer/it-s-just-a-postponement-boj-governor-byles-comments-on-suspension-of-dividends_193044