BOJ holds policy rate
December 20, 2019 Bank of Jamaica Holds Policy Rate Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered on overnight balances at Bank of Jamaica) unchanged at 0.50 per cent per annum, effective 23 December 2019. The decision to hold the policy rate unchanged is based on the Bank’s continued view that monetary conditions are generally appropriate to support inflation remaining within the inflation target of 4.0 per cent to 6.0 per cent over the ensuing eight quarters. The inflation target was set by the Government to facilitate a faster pace of economic growth.
Dividend Declaration: PanJam Investment Limited (PJAM)
Date: December 20, 2019 PanJam Investment Limited (PJAM) has declared a special dividend of $0.25 per share payable on January 31, 2020 to stockholders on record as at January 8, 2020. The ex-dividend date will be January 7, 2020. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view
Trade in Shares: Jamaican Teas Limited (JAMT)
Date: December 20, 2019 Jamaican Teas Limited (JAMT) has advised that a Director sold 6,000,000 JAMT shares and that a connected party purchased 5,999,819 JAMT shares. These transactions were conducted on December 19, 2019. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research