RAK Ceramics ex-dividend date scheduled for 8th March

RAS AL KHAIMAH, 28th February, 2018 (WAM) -- RAK Ceramics, RAKCEC, has announced that the company’s shareholders approved the board’s dividend payment recommendation of AED0.25 per share with 5 percent bonus shares. The decision was taken in the Annual General Meeting, AGM, of the company, where it was announced trading of ex-dividend will begin on 8th March 2018. A cash dividend payment is scheduled to be paid within one month of the AGM and shareholders who purchased RAKCEC stock prior to the ex-dividend date are eligible for the cash dividend payment. The dividend payment represents an 67 percent increase over the prior dividend payments. The company also held board elections where all incumbent board members were re-elected. Legal notices on the dividend payment and elections were sent to the Abu Dhabi Securities Exchange and major newspapers in the UAE, where elections were held.