GulfBase Live Support
01/03/2018 05:53 AST
RAK Ceramics said on Tuesday its shareholders have approved plans of the board, which recommended Dh0.25 per share of dividend and 5 per cent bonus shares.
RAK Ceramics will begin trading ex-dividend on March 8, the company said in an emailed statement.
A cash dividend payment is scheduled to be paid within one month of the company's Annual General Meeting and shareholders who purchased RAKCEC stock prior to the ex-dividend date are eligible for the cash dividend payment. The dividend payment represents a 67 per cent increase over the prior dividend payment.
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| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 10.24 | -0.06 (-0.59 |
| IQCD | 12.30 | 0.30 (2.50 |
| MODON | 3.64 | 0.03 (0.83 |
| ADNOCLS | 5.73 | 0.07 (1.23 |
| ADPORTS | 4.20 | 0.02 (0.47 |
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