State and public owned State Trading Organization (STO) is set to pay dividends at a price of MVR 55 per share for profit made last year.
The state owned public limited corporation confirmed that its board of directors had agreed for the dividend pay-off for their next annual general meeting.
The company paid dividends at a value of MVR 51 per share for the profits made in 2016 and their announcement had not specified the exact dividend pay-off for shareholders, and had not compiled their annual report.
Meanwhile the largest company in Maldives, STO had confirmed they are preparing to hold the next annual general meeting sometime in the month of May.
According to their quarterly report of 2017, the company made a profit of MVR 46 million while the total profit for the entire year may be expected to reach MVR 200 million.
