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du's board proposes AED 0.21/shr dividends for H2-19

du's board proposes AED 0.21/shr dividends for H2-19
du's board recommended to pay out AED 0.21 per share dividends
DU
DU
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Dubai – Mubasher: The board of Emirates Integrated Telecommunications Company (du) has recommended to pay out  AED 0.21 per share as cash dividends for the second half (H2) of 2019, amounting to AED 951.91 million.

This proposal will bring the total distribution of cash dividends for fiscal year (FY) 2019 to 34% of the share's nominal value, or AED 0.34 per share, according to the company's disclosure to the Dubai Financial Market (DFM) on Monday. 

It is noteworthy to highlight that in 2019, the company's net profits decreased by 1.3% to AED 1.73 billion, compared to AED 1.75 billion in FY18.