Dubai-Mubasher: Commercial Bank of Dubai (CBD) said that its shareholders gave the go-ahead yesterday to distribute cash dividends at 20% of capital or 20 fils per share for the fiscal year 2015, totalling AED 561 million, according to a bourse filing on Monday.
The last dividend entitlement date is 7 March and the ex-dividend date is 8 March, while the register closing date is 9 March, the filing added.
Shareholders also gave a nod to the FY15 financial statements, as well as approving other items in the agenda.
The bank’s stock declined 2.6% to AED 4.80 on Sunday after trading 10,000 shares, with turnover of AED 48 million.
