Cairo-Mubasher: The board of Bahrain Maritime and Mercantile International (BMMI) proposed cash dividend at 50% of capital, or 50 fils per share, excluding treasury shares.

The company said in a statement that it paid 20 fils per share dividend in 2014, adding that it will distribute bonus shares at 1-for-10.

The company recorded a 11.7% rise in FY14 earnings to BHD 11.25 million ($15.8 million), compared with BHD 10.07 million ($14.14 million) in FY13.

BMMI operates with BHD 13.3116 million capital, divided into 133.116 million shares at BHD 0.1 par value each.