Senior investment adviser at Mayberry Group, Christopher Thomas, says he supports the recommendation by NCB Capital Markets for people to purchase shares in the TransJamaican Highway offer for sale which opened Tuesday.
He says TransJamaican boasts strong cash flows and is among the top five dividend paying companies in the region.
The offer closes on March 18 and will cost $3.60 per share.
The company generated net profits of US$31.32 million during its last financial year, compared with US$23.26 million during the previous year.
CEO of NCB Capital Markets, Angus Young, says the dividend yield is projected to be in excess of 5 per cent.
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