Bank of Maldives (BML) shareholders have approved a total dividend payout of MVR258 million with MVR48 per share.
The decision was confirmed and declared at the bank’s Annual General Meeting held at JEN Maldives by Shangri-La on Sunday evening, 29th May 2022.
Furthermore, the bank also claims that this is the highest dividend payout till date indicating the bank’s best ever performance in history.
Speaking about this development, Mr. Tim Sawyer the CEO of BML said, “Earlier this year, an interim dividend of MVR13 per share was paid. Shareholders have tonight approved a total dividend of MVR48 per share.”
Moreover, Mr. Sawyer had confirmed that the MVR48 per share on dividends include the interim dividend of MVR13 per share paid out earlier in the year.
“I would like to extend my appreciation to our staff for their hard work and to our shareholders and customers for their confidence in the bank. While we will continue to work tirelessly to meet service expectations, the results today are evidence that the bank is in the strongest position it has ever been in,” Mr. Sawyer added.
With a total dividend payout of MVR258 million, the Government as the bank’s biggest shareholder stand to benefit a dividend payout of MVR131 million.
In 2020, the national bank of the island nation distributed MVR80.7 million as the final dividend at a rate of MVR15 per share.