Amãna Bank declares Interim Scrip Dividend

Business

Amãna Bank, having previously paid two continuous cash dividends in 2018 and 2019, has announced an Interim Scrip Dividend of eight cents per share for the Financial Year 2020, in line with the latest directions of the Central Bank to all banks on restricting cash dividends.

The Scrip Dividend, which totals over Rs. 200 million from the bank’s retained earnings, is issued in proportion of one share for approximately every 25 shares held in the bank, which is valued at Rs 2 per share. Once the Scrip Dividends are issued, the bank’s shares will increase by 100,055,621 shares to reach 2,601,446,155 shares, the bank said in a media release.

Commenting on the dividend declaration, Amãna Bank’s Chairman Osman Kassim said, “Owing to our resilient performance amidst the challenging environment that prevailed in 2019 which continued in 2020 with the COVID-19 pandemic, we are pleased to announce our third consecutive dividend as part of our value creation strategy for our shareholders. Despite these unprecedented times in the country, we are happy to have been able to continue rewarding our shareholders with this Scrip Dividend for the confidence they have placed in us.”

The bank earned a Profit Before Tax of Rs. 844.8 million and Profit After Tax of Rs. 460.9 million during 2019, while Profit Before Tax and Profit After Tax for Q1 2020 stood at Rs. 180.2 million and Rs. 129.8 million respectively.

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

May 31, 2025

- 488 - 0

Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary

Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred

June 2, 2025

- 458 - 0

National Tax week launched

The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.

June 2, 2025

- 364 - 0

SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.

May 30, 2025

- 265 - 0

In Pix: Weather situation in Colombo

June 3, 2025

- 203 - 0

Krishanthi Kumaraswami convicts FR dismissed by SC

The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.

June 6, 2025

- 199 - 0

SriLankan flight grounded in Indonesia

A SriLankan airlines flight has been grounded in an airport in Indonesia due to a technical defect leaving 93 passengers stranded, an official said.