Board Chairman and co-owner of the NCB Financial Group, Micheal Lee-Chin, is assuring investors that the company will eventually pay its shareholders dividends. 

Lee-Chin was speaking during an interview with Kalilah Reynolds on Taking Stock Live.

NCBFG has not paid investors dividends in over two years.

A fact that analysts have suggested is contributing to the stock’s tumbling price. The stock is down 15% since the start of the year, trading at $67.95 on June 9. 

Speculation surrounding the future of the company intensified following Lee-Chin announcement that he’s taking a three-month leave of absence from his role as Board Chairman of NCBFG.

However, he said the company will be in capable hands during his sabbatical and will remain profitable. 

He stressed that NCB is still very profitable and undervalued at its current price.

“The business is doing well. It’s a great business and NCB has a strong position in Jamaica and because of our ownership of Guardian we have a fantastic insurance business right through the Caribbean,” he said.

“The company has been storing dividends to make sure we stay ahead of any unknown challenges that may come and that we’re maintaining a strong balance sheet,” he explained.

He urged investors to see the company’s current stock price as an opportunity.

“At some point though dividends will be paid and the irradiate investor should always look at the business and know when to buy because that’s how wealth is created. You buy low,” he added.