The Board of Directors recommended that the UAE Dana Gas Company distribute cash dividends for the past year at 5.5% of the capital.
The company said in a statement to the Abu Dhabi Securities Exchange, today, Thursday, that the recommended ratio is equivalent to 5.5 fils per share, for the last fiscal year 2020.
It is decided to distribute to the shareholders profits of about 384.7 million dirhams if approved by the company’s general assembly, which is scheduled to take place on April 13th.
Dana Gas has a capital of about 6.9 billion dirhams, distributed over about 6.9 billion shares, with a nominal value of one dirham per share.
The company had turned into a loss last year of 1.38 billion dirhams, compared to 2019's profit of 575 million dirhams.
