Taqa proposes 10% dividend
United Arab Emirates: Wednesday, March 19 - 2008 at 10:49
The board of directors of Abu Dhabi National Energy Company (TAQA) has proposed a 10% dividend for 2007 of Dhs415m, up from Dhs207.5m in 2006. It is equivalent to 10 fils per share, up from 5 fils in 2006. The dividend represents a 2.9% yield based on closing share price of Dhs3.50 on March 16, 2008. Taqa will hold its annual general meeting on the April 16, to approve the financial results and the suggested dividend payment.
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Jeff Florian, Senior ReporterWednesday, March 19 - 2008 at 10:49 UAE local time (GMT+4)
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