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TAQA's OGM nods to AED 1.124bn final dividends

TAQA's OGM nods to AED 1.124bn final dividends
The total cash dividend for 2020 increased to AED 2.811bn
TAQA
TAQA
0.30% 3.33 0.01

Abu Dhabi – Mubasher: The ordinary general meeting of Abu Dhabi National Energy Company (TAQA) has approved a final cash dividend distribution of AED 1.124 billion or 1 fils per share.

The total cash dividend for 2020 increased to AED 2.811 billion or 2.5 fils per share, according to a bourse filing on Sunday.

During their meeting, the shareholders have set the last entitlement date on 24 March, the ex-dividend Date on 25 March, and the payment date on 11 April.

It is noteworthy to mention that in 2020, TAQA showed a decline in net profits attributable to the equity holders of the parent to AED 2.788 billion from AED 5.435 billion in 2019.