Cayman 27 – ARCHIVE
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 18 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.

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