GraceKennedy Limited will make a dividend payment on May 27, 2008 of 50 cents per stock unit, or a total of $163 million to stockholders on record as at May 5, 2008. The Company's Register of Members will be closed from the close of business on May 5, 2008 to May 9, 2008 .

This was disclosed by the company's Chief Financial Officer, Fay McIntosh, following a meeting of the Board of Directors held on March 20, 2008 .

This compares to a dividend payment of $147 million in May 2007, an increase of 11%.

Posted: March 25, 2008