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BOJ reaches agreement for FHCs, DTIs to resume dividend payments

The Bank of Jamaica has reached an agreement with financial holding company designates (FHCs) and deposit taking institutions (DTIs) on the payment of dividends.
 
The boards of financial holding companies and deposit taking institutions can resume the distribution of dividends to shareholders owning more than one per cent of issued shares which had been declared for their 2019 and 2020 financial years.
 
The Central bank has also indicated that dividends for 2021 can be declared and distributed to shareholders owning more than one per cent of issued shares.
 
The BOJ says it's urging financial institutions to remain prudent in their decisions to declare and distribute dividends given the significant uncertainties associated with the COVID-19 pandemic. 


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