Companies on the South Pacific Stock Exchange (SPX) collectively declared $43 million in dividends from January to April 2025, marking a remarkable 116% increase from the $19.95 million reported in the same period of 2024. This trend shows the steadfast commitment of the Fijian companies to deliver shareholder value.
Last year, SPX reached a record annual dividend payout of $76 million, the highest in its history, which illustrates a consistent pattern of rewarding shareholders. To date, the current year’s dividends have already surpassed the halfway point of last year’s total.
Sheraj Obeyesekere, the CEO of SPX, emphasized the significance of dividends as a fundamental component of investor returns, alongside capital gains from share price increases. He noted that since 2000, SPX-listed companies have paid over $1 billion in dividends, underscoring the market’s long-term viability for investors.
The latest addition to the dividend declarations is SUN Insurance, which announced a second interim dividend of three cents per share for its financial year, set to be marked ex-benefit on May 13.
The current upward trajectory in dividend payments signals positive corporate performance and reflects growing investor confidence in the Fijian market. Such robust dividend declarations have prompted market experts to encourage Fijians to consider investing in the stock market as a means of wealth generation.
Furthermore, the consistent growth in these dividends not just showcases the health of the companies involved but also indicates a broader optimism regarding the economic landscape in Fiji, offering promising prospects for both existing and potential investors.
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