SHC Settles $5.93M Outstanding Dividend

Apia, SAMOA – 22 April 2026 – The Samoa Housing Corporation (SHC) marked Thursday 16 April 2026 in its history; when it proudly achieved an unprecedented milestone when it paid the full settlement of all outstanding declared dividends, from financial years 2020 to 2025.

A SHC press statement said that settling the total SAT$5,927,365.85 outstanding amount was achieved through prudent financial management and a strategic and disciplined repayment strategy implemented by the SHC since April 2023.

SHC began with an initial payment of SAT $500,000, then followed by consistent monthly repayments of SAT$100,000.

The remaining balance of SAT $2,227,365.85 was paid to the Ministry for Public Enterprises (MPE) on Thursday 16 April 2026, making a historical and proud moment for the SHC.

The SAT$2,227,365.85 was from the Corporation’s record net profit of $6.6m for financial year ended June 2025.

While meeting its dividend obligations, the SHC did not lose focus of its mandate.

Effective 1 March 2024, the Corporation reduced its lending interest rates to make housing finance more affordable for its customers.

Personal guarantee loan interest rates dropped from 17% to 14%, while Mortgage loan interest rates were reduced by 1%.  These reduced interest rates remain as of April 2026.

These achievements form part of the Corporation’s broader commitment to its legal mandate, Corporate Plan as well as the Pathway for the Development of Samoa 2021/22 – 2025/26.

SHC’s work is aimed at easing financial burden on borrowers, expanding access to affordable housing opportunities, while still remaining profitable.

Collectively, these undertakings underscore SHC’s ability to balance commercial performance with its social responsibility mandate.

SHC acknowledges all its clients and stakeholders for their continued cooperation and support. The Corporation also recognizes the Government of Samoa for its ongoing support in enabling SHC to deliver on our mandate.

“We remain committed to financial sustainability, sound governance, and in performing our role as an arm of Government in supporting the housing needs of the people of Samoa,” said the SHC statement.