STO sets dividends for last year at MVR 51

The State Trading Organization (STO) has decided to give out MVR 51 in dividends to its shareholders.

The public company made the decision at a meeting of its directors.

STO will distribute dividends to those that have held shares up until the 30th of April.

The dividends will be officially deposited after the company’s general assembly, for which it has yet to announce a date.

The general assembly for last year was held in May, where STO gave out dividends for the year before – at MVR 57 per share.

STO generated a profit of 301.5 million in 2015 – 30 percent less than the year before that.