TDC Pays Out 3 Million in Dividends

It was reported at the company’s Annual General Meeting, held at the Fisherman’s Wharf in Basseterre, on Thursday 30th June, 2011, that the organization performed creditably last year, despite, what it called, the exceptionally challenging prevailing circumstances.

Turnover, said the TDC Board of directors, grew by 6 million dollars, (EC), or some 4%. However, said the report, there was only a marginal increase of EC$607,000 in Gross Profit and a reduction in the Gross Profit to Turnover ratio.

There was some disappointment in the fall by 28% in the contribution from the associated companies, when compared to the previous year.

According to the Directors, a recommendation of a final dividend of 3.25 percent per share was presented, following the interim dividend of 2.75% per share that was paid in January, 2011. The total dividend approved by the shareholders at the AGM on Thursday was therefore $6.00 per share, giving a total payout for dividend of some EC$3,120,000.00.

This figure is said to be the same paid in the previous year.

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