The West Indies Oil Company Limited (WIOC) makes its inaugural dividend payment to stakeholders since its listing on the Eastern Caribbean Stock Exchange (ECSC) in 2022.
CEO Gregory Georges confirms that the payments, totaling approximately $13 million, are managed by the Eastern Caribbean Central Securities Depository (ECCSD) for the company’s 950 shareholders.
Despite divesting 5 percent to the general public, the government retains a 46 percent share in the oil company, entitling them to a dividend payment of around $6 million EC.
WIOC anticipates larger payments for 2023, reflecting the company’s performance.
Shareholders using direct deposit receive electronic funds transfers within three working days.
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