The Unit Trust of Samoa has received its first dividend payment of SAT$384,720 from Samoa Submarine Cable Company (SSCC) following the declaration of a dividend payout by the SSCC Board and Management on the 28th May 2020. UTOS was pleased to accept the dividend payment as a return on its investment of 20% shareholding in SSCC.
UTOS CEO stated that the dividend earned will be incorporated back into the Trust in anticipation of the final dividend payout at the end of the financial year. Just last month the Unit Trust of Samoa declared an interim dividend of .04 sene per unit with a total payout of SAT$2.90million for its unitholders, reflecting the strong performance by the Trust in its capability to payout funds during these troubling times.
Tevaga commended the hard work carried out by SSCC Management and Staff and congratulated SSCC CEO Emmanuel Delanoue for leading SSCC to its profitable performance.