NCB Financial Group Limited (NCBFG) announced Friday that its Board of Directors have approved an interim dividend payment of $0.50 per ordinary stock unit.
This declaration comes after a three-year hiatus and is payable on December 18, 2023, for stockholders on record as at December 4, 2023.
The move should come as a welcome development for shareholders who have eagerly awaited the return of dividends since its suspension.
Over the last six months, NCBFG has undertaken significant restructuring and strategic initiatives to stabilise its operations and strengthen its financial position.
The company says these efforts are now paying off, as evidenced by the decision to resume dividend payments.
Robert Almeida, Interim CEO of NCBFG, noted that the group "has fortified its position and sharpened its strategic focus, paving the way for an era of sustained growth and enhanced profitability".
In a statement, the company said further details about the dividend payment and financial performance will be discussed in the upcoming investor briefing scheduled for November 22.