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RAPCO to pay 5 fils/shr dividend for 2018

RAPCO to pay 5 fils/shr dividend for 2018
Dividends amounted to AED 4.32 million for 2018
Dwajen RAK
8.53% 1.40 0.11

Abu Dhabi – Mubasher: Ras Al Khaimah Poultry and Feeding Co (RAPCO) on Thursday announced that its shareholders had approved distributing a cash dividend of 5 fils per share, or 5% of the share’s nominal value, for 2018 during an ordinary general meeting (OGM) held the previous day.

The shareholders set 24 April as the last day to participate in dividends, with the last entitlement date determined on 18 April and the payment date on 15 May, according to a statement to the Abu Dhabi Securities Exchange (ADX).

The total value of dividends amounted to AED 4.32 million, according to statistics conducted by Mubasher.

The company’s capital reaches AED 86.4 million, distributed over 86.4 million shares.

RAPCO turned to losses of AED 7.35 million in 2018, against profits of AED 1.17 million in the prior year.