BTL ANNUAL GENERAL MEETING DECLARES DIVIDEND RATE TO BE 4.6%
Our government of Belize supposedly owns 95% of the shares, so the return to us taxpayers is 4.6% of whatever we own in BTL.
On the other hand for comparison purposes for ( ROI )Return on Investment
Belize Unit Trust is paying out 4.0 % interest. This is a Mutual Fund, and last stuff on their website said most of their income came from trading USA BOND MARKETS.
ATLANTIC BANK website says depending on size of investment into 6 months Certificate of Deposits, they are paying on the low end, 6.05% and on the high end for larger depositors 8.5%. The other commercial banks usually match each other for deposits in Certificates.
I´m certainly glad I didn´t buy any shares in BTL at $5 the stated price by the Prime Minister.
The dividend in the open market, as in a non-existant stock exchange in Belize, puts the BTL shares worth about $1.60 each.
I would buy BTL shares around $1.25 each if they were sold at that price! Or less in a competitive free market environment of trading.
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