26/03/2019 2017 Final Dividend
JOHNSON KALO, Acting Chairman of Credit Corporation (PNG) Limited today announced the dividend for the year ending 2017.
Despite the continuing general slowdown in the Papua New Guinea economy in 2017, the Group’s financial performance remained strong with profitability and growth in total assets. The Directors therefore have determined the final dividend of 11 toea for 2017. The final dividend along with 4 toea interim dividend paid in 2017 brings the total dividend payment to 15 toea (2016 = 14 toea) per share.
The planned processing dates for the 2017 final dividend are:
Ex-date: Friday 27th July 2018
Record date: Friday 3rd August 2018
Payment date: Friday 24th August 2018.
While flat business conditions continue in PNG, the company is well positioned to generate further value for shareholders with a strong capital base, liquidity, and a growing balance sheet.