BML to Pay Dividend of MVR22 per Share

Bank of Maldives (BML) Board of Directors have resolved to pay shareholders a dividend of MVR22 per share for the financial year 2017.

BML’s Final Dividend for 2017 announcement made on Thursday stated that the bank has decided to pay MVR 118,402,240 as dividend, amounting to MVR22 per share.

According to BML, this is by far the biggest dividend proposed by the bank.

The dividend will be paid once the proposal is approved by shareholders during the Annual General Meeting. The dividend will be paid to the shareholders listed in the company’s register before the book closure date, which is set to be announced in the notice for the next Annual General Meeting.

Last year, BML paid a dividend of MVR107.6 million, amounting to MV20 per share.

A majority of BML shares – 50.80 percent – is owned by the Maldivian government while the public owns 33.73 percent of shares.