Kaaboo – Tickets on Sale Now
Builder’s Expo 2018
Bracket Challenge
Business News

CIG gets special $1m payout from CI Stock Exchange

The Treasury gets a $1 million boost from the Cayman Islands Stock Exchange.
On Wednesday (30 May) the Exchange paid out a special dividend to Government.

According to a Government Information Services statement the Exchange paid out an annual dividend of around US $449,949 to Government and following that payment, they resolved to make the additional million dollar dividend payment.  Government is the Exchange’s sole shareholder and since becoming profitable almost a decade ago the financial body has been paying an annual dividend of 75% of its net income to the Government coffers.

About the author

Reshma Ragoonath

Reshma Ragoonath

Reshma Ragoonath is a Trinidadian journalist with 16 years media experience with a strong background in print with her most recent stint at The Cayman Reporter. She has a BA in Mass Communications, as well as, an Associate degree in Journalism and Public Relations.

Add Comment

Click here to post a comment
Eclipze Generic
Tanya’s Kitchen
Kirk Freeport – June
Clean Gas

Subscribe Today

Please fill out the information below to Subscribe to Hurleys Media LTD. This will allow you to post comments on articles, get notifications on upcoming events and MORE!
Email address
Favorite Radio Station(s)
Spam free & Secure :)
%d bloggers like this: