On September 2, at a meeting of the Board of Directors of Sygnus Credit Investments Ltd, an interim dividend of US$0.00262 per share, or US$1,550,000, was declared following the audited results for the financial year ended June 2022. 

The interim dividend of US$1,550,000 represents the fourth dividend payment by the company since its additional public offering (APO) in January 2021, where it issued an additional 249,887,900 ordinary shares. The dividend payment will be made to all shareholders on record as at September 30, 2022. The dividend will be paid on October 14, 2022. The ex-dividend date will be September 29, 2022.

SCI DELIVERS ON PROMISE

In total, US$3,098,356 or US$0.00524 per share was declared/paid on the results for the financial year ended June 30, 2022. In the four years since its initial public offering in May 2018, SCI has delivered on its promise having declared/paid a total of US$9,349,327 in dividends, equivalent to returning 15.4 per cent of its share capital to shareholders.

Shareholders who hold J$ shares will be paid the J$ equivalent of the US$ dividend declared per share. The exchange rate used will be the weighted average spot exchange selling rate published by the Bank of Jamaica five business days immediately preceding the date of payment of the dividend.