CFL to pay 33 cents per share special dividend payout

The board of Communications Fiji Limited, the parent company of Legend FM, FM96, Viti FM, Navtarang and Radio Sargam, has announced that the company will pay out a special dividend of 33 cents per share.

This will be paid from funds received from the sale of CFL’s shares in iPAC Communications (Unwired Fiji).

Board Chairman Matt Wilson says the board appreciated that shareholders had waited a long time for a return on this investment.

He says the board felt that funds received should be returned to the shareholders.

Wilson also says that Communications Fiji Limited is performing strongly and the board expects an excellent result from Fiji operations for the year ended December 31st, 2017.

They are also seeing an improvement in performance from CFL’s Papua New Guinea subsidiary PNG FM Ltd and expect to see it deliver a better result this year.

The dividends will be distributed on January 15th next year.