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FijiCare’s 378,606 Shares

FijiCare Insurance Ltd (FIL), through its Dividend Reinvestment Scheme, has quoted an additional 378,606 shares at $0.68 per share on the SPSE trading platform during pre-open session yesterday. This was
28 Jun 2017 14:08
FijiCare’s 378,606 Shares

FijiCare Insurance Ltd (FIL), through its Dividend Reinvestment Scheme, has quoted an additional 378,606 shares at $0.68 per share on the SPSE trading platform during pre-open session yesterday.

This was announced by the South Pacific Stock Exchange (SPSE) yesterday.

FIL declared a dividend of $0.04 per share on May 17, which amounted to a total dividend payout of $312,903.

Of this amount, $55,451 was paid in cash dividends to shareholders preferring this mode while the remaining shareholders opted for dividend reinvestment into additional shares.

Total dividend reinvestment is valued at $257,452.

Based on its most recent (December 31, 2016) audited financial statements, FIL’s Price Earnings ratio (PE) now stands at 9.64 times with a dividend yield of 4.71 per cent and market capitalisation of $6,970,995.

FIL first listed on the SPSE on December 7, 2000 and specialises in the provision of health, medical evacuation, term life, mortgage protection, workers compensation, funeral benefits and motor vehicle insurance in Fiji and Vanuatu.

Apart from these services, the listed company also offers an outpatient scheme, medical reimbursement and three levels of health insurance covering individual, couples and family.

FIL’s current market price is $0.85 with a total of 8,201,171 shares now quoted on the SPSE trading platform. 

Source: South Pacific Stock Exchange

Feedback:  ivamere.nataro@fijisun.com.fj



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