Saturday, February 27, 2010

Belize Telecommunications company authorizes 40% dividend payout of net income.

BTL ISSUES DIVIDEND OF .19 CENTS A SHARE

The Belize Telecommunications Company nationalized late last year in a fight with Lord Ashcroft, has issued a dividend of 40% of the NET INCOME to shareholders. The government is not explaining how the SUNSHINE HOLDINGS BTL employees shareholders will get their dividends though.
At the current dividend rate, this puts a value on the BTL shares to be sold in May 2010, the government is quoted in the media, to Belizeans of; between .85 cents and $1.00 Bz a share.
There are oodles of debts and law suits connected with the telecommunications company.

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