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Aramex shareholders approve 16.5% dividends for 2019

Aramex shareholders approve 16.5% dividends for 2019
The cash dividend stands at 16.5 fils per share
Aramex
ARMX
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Dubai – Mubasher: The ordinary general meeting (OGM) of Aramex has approved distributing cash dividends equivalent to 16.5% of the company's paid-up capital for 2019. 

The cash dividend stands at 16.5 fils per share, aggregating at a total of AED 241.576 million, according to the company's disclosure to the Dubai Financial Market (DFM) on Tuesday.

During the meeting, the shareholders have set 30 June and 1 June as the entitlement and ex-dividend dates, respectively.

In the first quarter (Q1) of 2020, the company's net profits declined by 38% to AED 67.419 million, compared to AED 107.945 million in the year-ago period.