GraceKennedy Limited will make an interim dividend payment on December 12, 2006 of 60 cents per stock unit (or a total of $196.7 million) to shareholders on record as at November 28, 2006. The Company’s Register of Members will be closed from the close of business on November 28, 2006 to December 4, 2006.
This was disclosed by the Company’s Chif Financial Officer, Don Wehby, following a meeting of the Board of Directors held on November 14, 2006
The total dividend payment for 2006 will be $344 million compared to $327 million for 2005, an increase of 5%. This, according to Mr. Wehby, is consistent with the company’s Dividend Policy, which is to distribute at least 10% of net profits attributable to stockholders, as well as maintain a total dividend pay out which is at least as high in dollar terms as it was in the previous year.
