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APIC’s shareholders raise FY15 dividends to 15%

APIC’s shareholders raise FY15 dividends to 15%
APIC shareholders meeting (Photo Credit: Press Release)
APIC
APIC
-0.76% 2.60 -0.02

Mubasher: Arab Palestinian Investment Co’s (APIC) shareholders meeting decided to raise the dividends to 15% of the capital for the fiscal year 2015, according to a statement in Wednesday.

APIC will pay 5% cash dividends of the capital or $0.05 per share, as well as distributing 10% bonus shares or a share per each 10 shares.

During FY15, the company’s profits grew 9.4% to $12.4 million as compared to $11.3 million in 2014.