Maldives Tourism Development Corporation (MTDC) has decided to distribute MVR 20.4 million out of its profit of MVR 38.6 million made last year, equivalent to MVR 60 per share.
According to Managing Director Thazmeel Abdul Samad, the company has been profitable since 2008 and has been distributing dividends over the past four years.
Thazmeel described the consecutive years of profitability and distributing profits among shareholders as a success.
During the board meeting of MTDC, it was approved to distribute a dividend of MVR 20 million among its shareholders. Thazmeel said that the decision is subject to the approval of the company's AGM.
"Dividend will be distributed among the shareholders once it is approved by the AGM," he said.
The company is scheduled to hold its annual general meeting later this month.
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