Fijian companies listed on the South Pacific Stock Exchange (SPX) have declared an impressive total of FJ$43 million in dividends during the first four months of 2025, marking a robust start to the year and showcasing a strong commitment to shareholder returns. This figure represents a significant 116% increase compared to the FJ$19.95 million declared in the same timeframe in 2024.
These early dividends have already surpassed half of the record FJ$76 million distributed throughout all of 2024—the highest annual payout in the SPX’s history. This trend highlights the continuous strength of the Fijian stock market, with dividends being a crucial component of investor returns, as emphasized by Sheraj Obeyesekere, Chief Executive Officer of SPX. He remarked that the Fijian market has cultivated a solid culture of rewarding shareholders and that dividends, alongside capital gains from stock price increases, form an essential part of the return for investors.
Obeyesekere noted that since 2000, SPX-listed companies have paid out over FJ$1 billion in dividends, emphasizing the long-term value these firms provide to their shareholders. The current surge in dividends not only reflects strong corporate performance but also serves as a testament to growing investor confidence in Fiji’s economical landscape.
He encouraged more Fijians to explore stock market investments as a means to build long-term wealth, reiterating the importance of such financial engagement. The significant increase in declared dividends early in 2025 is indicative of a strong corporate climate and a positive outlook for future investment opportunities.
Overall, this upward trajectory in dividend declarations and corporate performance is a reassuring sign for investors and potential market entrants alike, suggesting a favorable environment for sustained growth and investment in the Fijian economy. With many companies committed to rewarding their shareholders, the landscape appears promising for those looking to invest in the future.
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