Durrant Pate/Contributor

The Lasco-associated listed entities have joined other public companies transitioning away from cheque payments.

Lasco Manufacturing, Lasco Distributors and Lasco Financial Services will as of January 1, 2027, transition from dividend payments by cheque to payments made directly to shareholders’ bank accounts through electronic funds transfer (direct deposit). 

Last week, five other listed companies, Wisynco, Sygnus Real Estate Finance, Sygnus Credit Investments, Knustford Express and Caribbean Cream Limited, announced such a move.  They too will start implementing the switch to direct deposit dividend payments come January 1, 2027. 

The switch will ensure shareholders receive their payments in a more reliable, secure and convenient manner. This change forms part of the wider effort to improve the shareholder experience while continuing to operate in a responsible and sustainable way, and is done in partnership with the Registrar and Paying Agent, Jamaica Central Securities Depository. 

After this date, dividend cheques will no longer be issued, so shareholders who have not provided banking instructions may experience delays in receiving their payments. 

To ensure dividend payments continue without interruption, shareholders are encouraged to submit their direct deposit instructions well in advance of this date.