The Board of Directors of The West Indies Oil Company Limited on July 3rd adopted a resolution to pay shareholders of record as of July 20th, 2023, a dividend of EC$2.24 per share.
Dividend payments will be processed by the Eastern Caribbean Central Securities Depository (ECCSD), commencing on July 25th, 2023.
We encourage shareholders who have opted for direct deposit to allow about three (3) working days for payments to be credited to their account via electronic funds transfer.
For payments via cheque, the timing will depend on the postal authorities’ delivery schedule.
You may contact the ECCSD with enquiries via email at info@ecseonlinecom or [email protected] and at phone number 1 (869) 466-7192 or 1-800-744-9238.
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Here you go. Brix you wanted to know what NAMCO will do with the money. Just ask Gaston how much the dividend was for the number of shares held by NAMCO in WIOC. And then let him show the deposit slip into the consolidated fund. Treasury.
Oh my God how dumb these Foolaid people can be @From the assline. I am hoping the people of Antigua wake up because you are been robbed right in front your face by these politicians in red. Let me explain, a barrel of oil on today’s market US$69.99 the price we paying at the pump is when the price per barrel was US$120.00. This wicked administration keeps the consumption tax high, so the dumb ass people of Antigua paying an inflated rate for gas. Antiguans stop buying the expensive gas park your vehicles the government by extension WIOC they are raping you. Let us break down how they are milking the dumb citizens. By keeping the price high at the pump, EC$ 7.00 consumption tax on every gallon of gas. Wicked Set A People.
If I remember the minimum number of shares that one could purchase was 3000 shares. It therefore means that those people will get a check of EC$6720.00. Not bad at all.
Great news! big up WIOC and PM Gaston Browne.
Too much money sitting in our banks, and yet the banks are giving very low interest to their clients. 2% is the most you can get. And really if you call a bank today and say you want to open a Fixed Deposit Account of $10K or more, they are not even interested in your money. The banks are only now offering loans to entrepreneurs because of the security put in place by the Central Bank. Antiguans have little avenues for investments. Therefore, I hope that more profitable companies such as WIOC and SICL will find the need to get the public to invest in them as equity investments with almost a 100% guarantee that their monies are safe, and the returns will be much higher than the 2% they get on CD’s and Savings Accounts.
It was said by the governor of the Central Bank that savings in the banks in Antigua are at $2Billion. If any of these companies are in need of Capital, they can target these customers. It can either be debt financing in the form of bonds or convertible bonds, or equity financing in the form of shares and preferential shares. Our people need to get introduced to investing. And they will create greater wealth that way.
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