In a statement made by the Premier of the Virgin Islands, Hon. Andrew A. Fahie, he announced that the Tortola Pier Park Ltd. (TPPL) will be issuing dividends to their shareholders.
The TPPL Board recognised the importance of dividends being paid to shareholders and have approved the payment of 2018 dividends in the amount of US$529,974.
The BVI Social Security Board, the largest investor of TPPL will receive US$442,500.
The dividend payment date is scheduled for Monday, 8 June, 2020.
Hon. Fahie said “These dividends come at a time when the BVI is still navigating turbulent waters as a result of the economic consequences of the COVID-19 pandemic.”
“They also come when TPPL is also moving towards 90 percent recovery from the physical ravages to the facility due to Hurricanes Irma and Maria in 2017.” He added.