With our very solid balance sheet, and our projected 2007 earnings, LOM is in a good position to continue to reward our shareholders even as we invest for growth.
Hamilton, Bermuda (PRWEB) December 14, 2007
LOM (Holdings) Limited (BSX: LOM BH) announced that it paid its semi-annual dividend on December 1, 2007 to shareholders of record as of November 15, 2007. The Board of Directors approved a 40% increase in the semi-annual dividend from $0.05 per share to $0.07 per share on September 27, 2007.
"I'm delighted to say that 2007 was another good year for LOM, marked by continuing efficiency and financial achievements," said Scott Lines, President, LOM Holdings. "With our very solid balance sheet, and our projected 2007 earnings, LOM is in a good position to continue to reward our shareholders even as we invest for growth."
About LOM (Holdings) Limited
LOM is a publicly-held, international financial services company, providing a complete range of investment services and products through its regulated subsidiaries in Bermuda, Bahamas and Grand Cayman. In business for nearly 15 years, LOM today has over $1 billion in client assets under administration and provides brokerage, asset management, and corporate finance services to its primarily high net-worth individual and institutional customers in over 75 countries around the world. The parent company, LOM (Holdings) Limited, is publicly listed on the Bermuda Stock Exchange (symbol LOM BH). The consolidated group is debt-free and has shareholder's equity of over $21 million.