Caribbean Cement Company has announced the formation of a committee to lead the development of Dividend Policy.

The Dividend Policy is being crafted to direct the administration, declaration and payment of dividends to shareholders of the company, which is the sole manufacturer of cement in Jamaica.

The company has written to the Jamaica Stock Exchange advising of the formation of the Dividend Policy Committee.

By way of written resolution dated August 16, 2021, the Board of Directors of Carib Cement approved the formation of the Dividend Policy committee.

Subsequent to review and approval by the Carib Cement Board, the corresponding Dividend Policy shall be brought before the shareholders of the company, for review and approval for implementation.