Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries Company’s (Julphar) board of directors recommended on Wednesday cash dividends at 11% of capital or for the fiscal year 2015, according to a bourse filing.
The 11 fils per share payout totals AED 115.5 million ($31.45 million).
The board also proposed bonus shares at 4% of capital for the year.
The company’s shareholders earlier approved cash dividends at 15% and bonus shares at 5% of capital for the fiscal year 2014.
Julphar’s stock declined in today’s session to AED 2.4 ($0.65) as 10,200 shares were traded at AED 27,870 ($7,587).
