Mubasher: Bahrain Ship Repairing and Engineering Company’s ordinary general meeting (OGM) agreed on Sunday to distribute cash dividends at 50% (50 fils per share) for the fiscal year 2015, totalling BHD 900,000 ($2.4 million).
The OGM also approved the transfer of BHD 628,460 ($1.67 million) to retained profit account, according to a bourse filing.
The stock will trade ex-dividend as of Monday at BHD 1.81 ($4.80), according to a bourse filing.
The company’s profits reached BHD 1.567 million ($4.157 million) in 2015, versus BHD 1.362 million ($3.62 million) in 2014.
