Business

FHL pays $2.79m dividend

By RACHNA LAL The board of Fijian Holdings Limited (FHL) has declared $2.79 million as the second interim dividend to be paid to the company shareholders for the year ending
03 Oct 2012 12:24

By RACHNA LAL

The board of Fijian Holdings Limited (FHL) has declared $2.79 million as the second interim dividend to be paid to the company shareholders for the year ending June 30, 2012.
This brings the total dividend declared for the financial year 2012 to $5.59m, a statement from FHL released by the South Pacific Stock Exchange yesterday said.
“The A class shareholders will be paid a dividend of $1.04m, maintaining the current dividend rate of $0.10 per A class share,” the statement said.
“Conversely, B class shareholders will be paid a dividend of $1.75m maintain the current dividend rate of $0.0875 per B class share.
“Overall, the total annual dividend rate paid to FHL shareholders for financial year 2012 would be $0.20 per A class share and $0.175 per B class share respectively.
“In accordance with the South Pacific Stock Exchange rules on dividend declaration and payment, the FHL shareholders register will close on October 23, 2012 and dividend will be paid out to shareholders on October 31, 2012.”
At the close of trading yesterday, FHL was trading at $2.86 and had a bid to offer margin spread of $0.34 with the best offer standing at $3.20.




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