Mubasher: Trafco Group’s ordinary general meeting (OGM) agreed Sunday on the company’s board of directors’ proposal to pay cash dividends at 16% of the capital (16 fils per share) for the fiscal year 2015, totalling BHD 1.235 million ($3.27 million).
The OGM also approved the transfer of BHD 1.89 million ($5.01 million) to retained profits, according to a bourse filing.
The stock will trade ex-dividend as of Monday at BHD 0.24 ($0.64).
The company’s shareholders earlier approved cash dividends at 15% of the capital (15 fils per share) for the fiscal year 2014.
Trafco’s profits rose last year by 29.4% to BHD 2.07 million ($5.49 million) from BHD 1.6 million ($4.24 million) in 2014.
