State Trading Organisation (STO), on Tuesday, announced that dividend from the profit earned in 2018 would be distributed to shareholders at a rate of MVR 58 per share.
The decision was finalised by STO's board of directors during a meeting held on Sunday.
The Annual General Meeting (AGM) of the organization for 2018 is scheduled for May 30.
First quarter: MVR 46 million
Second quarter: MVR 47 million
Third quarter: MVR 47 million
Fourth quarter: MVR 65 million
Senior management of STO, which dominates the local trade for goods such as oil, gas and cement, recently took steps to strengthen the company's financial standing.
This includes the decision to sell the five-star hotel currently under construction in the reclaimed suburb of Hulhumale.