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CBD’s shareholders cut proposed dividends for 2017

CBD’s shareholders cut proposed dividends for 2017
CBD's board proposed AED 560.5 million dividends in February
CBD
CBD
-3.66% 3.95 -0.15

Dubai – Mubasher: Commercial Bank of Dubai’s (CBD) ordinary general meeting reduced the recommended dividends for 2017 to 17.5 fils per share from 20 fils, according to a bourse statement released on Wednesday.

In February, the Dubai-listed bank’s board recommended the distribution of AED 560.5 million in cash dividends.

CBD reported a 12% year-on-year increase in net profit during the fourth quarter of 2017.