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Burgan Bank to pay 12 fils/shr dividends for 2019

Burgan Bank to pay 12 fils/shr dividends for 2019
The distributions will be paid on 30 April
BURG
BURG
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Mubasher: Burgan Bank’s general assembly has approved the previously recommended cash dividend distribution of 12 fils per share or 12% of the share’s nominal value for 2019 after deducting treasury stocks.

The distributions will be due to the shareholders registered on records at the end of the maturity date on 26 April and will be paid on 30 April, according to a statement to Boursa Kuwait on Sunday.

It is noteworthy that by 2019 year-end, the Kuwaiti lender achieved a 3% annual growth in net income to KWD 84.7 million, thereby generating shareholders returns of 10%.