Indies Pharma Jamaica Limited (INDIES) Declares Dividend

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.