Oman’s Bank Dhofar Proposes 14% Cash, 11% Bonus Share Dividend

Oman’s Bank Dhofar has proposed a dividend for 2013 of 14 per cent cash and 11 per cent bonus shares, the lender said in a statement on Thursday.

This is equivalent to OMR0.014 ($0.04) per share of cash and one free share for every nine a shareholder owns.

This compared to a 15 per cent cash dividend plus bonus shares of 10 per cent that was given out in 2012.

The second-largest bank in the sultanate by market value beat analysts’ estimates after posting a 3.6 per cent rise in fourth-quarter net profit last week.