Oman Bank Dhofar Proposes 10% Cash, 10% Bonus Share Dividend

Oman’s Bank Dhofar, the third-largest lender in the sultanate by assets, has proposed a 10 per cent cash dividend for 2014 plus a 10 per cent bonus share issue, the lender said on Wednesday, less than what it paid for 2013.

The bank’s proposed 2014 dividend is equivalent to OMR0.010 ($0.03) per share in cash and one free share for every 10 a shareholder owns, according to a statement to Muscat’s bourse.

This compares to a 14 per cent cash dividend plus bonus shares of 11 per cent that the bank paid for 2013.

Bank Dhofar’s fourth-quarter net profit rose 9.2 per cent to OMR10.2 million.