Indies Pharma Jamaica Limited (INDIES) has advised that their Board of Directors on February 10, 2021, approved by way of motion interim dividend of 11 cents ($0.11) per stock unit to be paid on March 12, 2021, to stockholders on record at the close of business on February 26, 2021.
The ex-dividend date is February 25, 2021.
INDIES further advised that this declared dividend will result in a 41% reduction in the amount of $359,825,109 retained earnings balance as at October 31, 2020.