$6m dividend for pine landowners

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Land owners attend an earlier Fiji Pine Group bonus payment at Drasa in Lautoka. Picture: REINAL CHAND/FILE

Fiji Pine Ltd has announced it will pay $6 million in early dividends to their pine landowners for this year.

The money will be paid out in three instalments starting this month and ending in November.

Company chairman Ratu Wiliame Katonivere said they realised many of their landowners had been significantly impacted by COVID-19.

“We know that people need money for their daily livelihood.

“In light of this, the board and management of the Pine Group held discussions and decided to declare an early dividend (LSBP) to our pine landowners.”

Pine landowners will receive their first payment of $2m on May 20th, another $2m will be paid on August 19th and the final $2m payment will be made on November 18th.

Ratu Katonivere urged landowners to use the money wisely and towards the genuine needs of families.

“Times are hard and we do not know when we will be back to some form of normalcy. “Every decision you take must be well calculated.”

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