What are the largest companies on the Jamaica Stock Exchange?
Sagicor Group Jamaica is the largest company on the
In terms of revenue, the largest companies in Jamaica by sector are the insurance firm Sagicor Life Jamaica, GraceKennedy Ltd, National Commercial Bank Jamaica Ltd (NCB), and telecommunications companies Digicel and LIME (Landline, Internet, Mobile, Entertainment).
On the Jamaica Stock Exchange, the Main Market, Carreras is the king of dividend payment with a yield of 11 percent based on the latest stock price of $8 in 2023, followed by Transjamaican Highway and at 7 percent, Scotia Group at 5 percent based on the last dividend paid of 40 cents and annualised, at a then stock ...
| Security | Symbol | Sector |
|---|---|---|
| GRACEKENNEDY LIMITED | GK | CONGLOMERATES |
| GUARDIAN HOLDINGS LIMITED | GHL | OTHER |
| JAMAICA BROILERS GROUP | JBG | MANUFACTURING |
| JAMAICA PRODUCERS GROUP LTD. | JP | CONGLOMERATES |
Buying shares from American companies is not restricted to US citizens, so you may buy US Stocks from Jamaica. However, you must check how investing in them will affect your local tax position.
Michael Lee-Chin, OJ, OOnt (born 3 January 1951) is a Jamaican-Canadian billionaire businessman, philanthropist and the chairman and CEO of Portland Holdings Inc, a privately held investment company in Ontario, Canada. Lee-Chin was appointed to the Order of Ontario in 2017.
More than 90% of Jamaica's 2.4 million people are black, and only 3% are white. Yet all but a few of the largest and most profitable businesses are owned or controlled by whites.
Dividend income
Ordinary dividends paid by Jamaican tax-resident companies to Jamaican tax-resident shareholders are liable to tax at the rate of 15%. The tax is to be deducted on payment by the distributing company and represents the final tax on such dividends.
| Company | Dividend Yield |
|---|---|
| Dynex Capital, Inc. (DX) | 12.36% |
| International Seaways Inc (INSW) | 11.91% |
| Angel Oak Mortgage REIT Inc (AOMR) | 11.83% |
| Pennymac Mortgage Investment Trust (PMT) | 10.93% |
Some of the greatest dividend stocks on Earth are brand-name, time-tested companies that have been increasing their payouts for decades. Perfect examples include Johnson & Johnson (NYSE: JNJ) and Coca-Cola (NYSE: KO), which have each increased their base annual payouts for 61 consecutive years.
What business is booming in Jamaica?
The industries which recorded the strongest growth during the fiscal year were Hotels & Restaurants (up 125.0%); Other Services (up 14.5%); Agriculture (up 11.2%); Wholesale & Retail Trade; Repair & Installation of Machinery & Equipment (up 10.9%), and Transport, Storage & Communication (up 10.1%).
Sagicor Group Jamaica is the largest company on the JSE for the second year in a row.
Sagicor Group Jamaica has the largest JSE market capitalisation of $222.27 billion.
The Jamaica Stock Exchange operates like other stock markets in the world. You choose a stockbroker, decide on a stock and place your order to buy or sell with your broker. Once this is done, your broker will purchase or sell your shares.
There are 15 brokerages that you can trade through that are licensed with the stock exchange in Jamaica. The key sectors include: Banking and finance - e.g. JMMB, NCB, Scotiabank, etc.
The Jamaica Stock Exchange (“JSE”) is an august institution which was incorporated in 1968 and started operation in 1969. The JSE started its operation at the Bank of Jamaica (BOJ) building and moved to its present building situated at 40 Harbour Street in 1998.
As the largest owner of land in the country, the GOJ has committed to transferring portions of its landholdings into private hands through an acquisition and divestment policy.
Tourism. Tourism is tied with remittances as Jamaica's top source of revenue. The tourism industry earns over 50 percent of the country's total foreign exchange earnings and provides about one-fourth of all jobs in Jamaica.
Trisha M. Bailey is a Jamaican former student-athlete, philanthropist, and education activist.
Jamaica's economy relies heavily on tourism, which has become one of the country's largest sources of foreign exchange.
Who does Jamaica owe the most money to?
Jamaica is indebted to foreign governments and agencies to the tune of $53.9 billion, nearly half of which is owed to China.
Do pensioners pay taxes? Yes. Once your pension is more than the tax threshold you pay 25% income tax on the difference.
Chargeable income derived in excess of JMD 6 million per annum is subject to income tax at a rate of 30%. An annual tax-free threshold of JMD 1.5 million is available to Jamaican tax resident individuals.
| Tax Rate | Taxable Income Threshold | |
|---|---|---|
| 0% | Income from $0.00 | $ 1,500,096.00 |
| 25% | Income from $ 1,500,096.01 | $ 6,000,000.00 |
| 30% | Income from $ 6,000,000.01 | and above |
| Stock | Forward dividend yield |
|---|---|
| Exxon Mobil Corp. (XOM) | 3.5% |
| Johnson & Johnson (JNJ) | 3% |
| Procter & Gamble Co. (PG) | 2.3% |
| Home Depot Inc. (HD) | 2.4% |
