DP World approves distribution of 24 US cents dividend per share

posted on 01/05/2012: 845 views

DP World Limited held their Annual General Meeting (AGM) in respect of the full year 2011 this morning, with all resolutions put to shareholders passed, with over 99% of the votes cast in favour. Shareholders voted in favour of the re-appointment of all eight Directors of the DP World Board.

The resolutions also included the approval of a dividend of 24 US cents per share for the full year 2011.

Chairman Sultan Ahmed Bin Sulayem said; "On behalf of the Board of DP World I am pleased to announce that our shareholders have approved the dividend in respect of the full year 2011. The dividend of 24 US cents per share will be paid on 2 May 2012." The dividend comprises a 10% increase in the underlying dividend to 18.7 US cents per share, supplemented by a special dividend of 5.3 US cents per share reflecting the separately disclosed profit attributable to Owners of the Company. This results in a total dividend distribution of US$199 million.

The dividend will be paid on Wednesday 2 May 2012 to shareholders on the register as at the close of business on 10 April 2012.

For shareholders with NIN accounts the dividend will be paid via a cheque. If shareholders have applied for an iVestor card this will be credited automatically or if they have already elected to receive dividends by bank transfer, this will happen automatically.

For shareholders who do not have a NIN, the process of dividend payments will be the same as in previous years, paid via their broker. – Emirates News Agency, WAM

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