Shareholders in Montego Cold Storage Limited collected $60-million in dividend payments at year end December 2015.
On December 2, 2015, the board of directors of Montego Cold Storage Limited passed a resolution for the payment of dividends amounting to $60-million to its shareholders out of retained earnings and $40-million to the company.
Montego Cold Storage Limited is no longer in its core business of selling ice and bottled water, but now depends on rental of properties and cold-storage facilities.
Profit for the group which comprises Montego Bay Ice and other properties was $12.58-million compared to $9.59-million the year before.
Income earned from properties in 2015 was $23.92-million compared to $21.23-million the year before.