The Board of Directors of Bank of Maldives (BML) has proposed the largest dividend payout in the bank's history, recommending MVR 60 per share totalling MVR 322,915,200, subject to shareholder approval at the upcoming Annual General Meeting. The package also includes a proposal to issue two bonus shares for every existing share, bringing the total shareholder benefit to MVR 2,091.80 per share.
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According to the bank, directors have recommended a total dividend of MVR 60 per share.
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If approved by shareholders at the upcoming Annual General Meeting (AGM), the payout is expected to amount to MVR 322,915,200.
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Upon issuance of the bonus shares, the book value per share is expected to stand at MVR 1,015.90.
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Combined, the proposed dividend and bonus shares represent a total shareholder benefit of MVR 2,091.80 per share, the bank said.
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