A total dividend payout of MVR 258 million has been approved by shareholders of Bank of Maldives.
The record dividend payout was approved at the Annual General Meeting of the country’s national bank, held at Hotel Jen on Sunday.
As such, a total dividend payout of MVR 258 million with MVR 48 per share was approved, which is a record dividend payout that reflects BML’s “best ever” performance throughout 2021.
Taking the podium at the event, the bank’s CEO and Managing Director Tim Sawyer revealed that an interim dividend of MVR 13 per share was paid earlier in 2022, noting that shareholders approved a total dividend of MVR 48 per share at the AGM.
Sawyer said that this MVR 48 per share includes the interim dividend of MVR 13 per share paid out earlier in 2022.
This, he described to be the highest approved in the history of the bank.
I would like to extend my appreciation to our staff for their hard work and to our shareholders and customers for their confidence in the Bank. While we will continue to work tirelessly to meet service expectations, the results today are evidence that the Bank is in the strongest position it has ever been in.”Tim Sawyer, BML’s CEO and MD.
The total dividend payout for the year 2021 is MVR 258 million and the government , as the main shareholder stands to benefit with MVR 131 million as dividend and a further MVR 543 million as tax for the year 2021.
BML distributed MVR 80.7 million as the final dividend, at a rate of MVR 15 per share during 2020.
