Mubasher: The shareholders of Esterad Investment approved the board’s recommendation of paying a cash dividend of 5% for fiscal year 2016.

The company will pay 5 fils per share, with a total value of about BHD 697,521 to the entitled shareholders, according to a bourse statement issued on Wednesday.

During FY16, profits shrank to nearly BHD 806,360 from BHD 1.15 million in FY15.