Damac plans 15 per cent cash dividend payout for second half of year | The National:
"The Dubai-based developer Damac Properties proposes to pay a 15 per cent cash dividend for the second half of last year, bringing the total to 25 per cent for the year.
The company is recommending that shareholders approve the 15 per cent dividend payment at its forthcoming annual general meeting based on its performance during the second half of last year.
Shareholders had already received an interim payment of 10 per cent for the first half of the year, as well as being awarded a further 10 per cent in bonus shares. A spokesman for Damac said that it is maintaining its guidance target first set in 2014, which stated that it would propose to pay a dividend of at least 25 per cent in cash both last year and this year."
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