Fuelled by cash from disposals, JP gives generously to shareholders
File Jamaica Producers Group Managing Director Jeffrey Hall. Food and logistics conglomerate Jamaica Producers Group, JP, will pay out $224 million in dividends to shareholders in mid-January, its largest since 2015. The distribution at 20 cents per share represents a yield of under 1.0 per cent on the stock price, which closed at $21.36 on Wednesday. The JP stock is trading off its January high of $28.50 but is doing better than when the pandemic was detected in March. The stock then fell to $15. Sagicor Pooled Equity Fund, the single largest shareholder in JP, will receive around 10 per c...