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News state-owned enterprise / STO Maldives Impact 5.0/10 2 min read
STO Proposes MVR 80 per Share Dividend for 2023, Highest in 17 Years

STO Proposes MVR 80 per Share Dividend for 2023, Highest in 17 Years

State Trading Organization (STO) proposed a dividend of MVR 80 per share for 2023, the highest in 17 years. The board decided on Saturday, and the proposal will be voted on at the Annual General Meeting (AGM) scheduled for 15 July. STO posted a net profit of MVR 819 million for 2023, up 10% from 2022.

State Trading Organization (STO) proposed a dividend of MVR 80 per share for 2023, the highest in 17 years. The board decided on Saturday, and the proposal will be voted on at the Annual General Meeting (AGM) scheduled for 15 July. STO posted a net profit of MVR 819 million for 2023, up 10% from 2022.

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Maldives Republic

Published

Jun 15, 2024

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State Trading Organization (STO) proposed a dividend of MVR 80 per share for 2023, the highest in 17 years. The board decided on Saturday, and the proposal will be voted on at the Annual General Meeting (AGM) scheduled for 15 July. STO posted a net profit of MVR 819 million for 2023, up 10% from 2022.

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