Free Bird Institute pays dividend of 2 cents per share
May 24, 2018 12:45 am
With only a little over a year being listed on the South Pacific Stock Exchange, the Free Bird Institute Limited has performed beyond expectation.
Chief Financial Officer, Waisale Iowane says the Institute paid out its final dividend of 2 cents per share or $40,000 out of the profits of 2017 on Monday.
Iowane says the total return to the shareholders for the 2017 year amounts to 3.57% compared to 2.4% for 2016.
“We’ve managed to pay out a total return on investment for shareholders of 3.57% in 2017. This is more than the market, usually a lot of the commercial banks give one percent per annum as an interest, whereas, this return is actually 3.57%. For us this is actually very good and I think the shareholders realise that as well which is why we have a lot of shareholder confidence in our business.”
Iowane says the Board continues to ensure the growth in its business should also be reflective of the growth in the value and return to its shareholders.
Free Bird Institute Limited is an English Language institute that provides language classes to international students.