MTDC’s board approves dividend of MVR 0.60

File photo from an MTDC AGM. (Sun Photo)

Maldives Tourism Development Board (MTDC)’s board of directors has approved a dividend of MVR 0.60.

The board made the decision during a meeting on April 27. The decision was publicized on the company’s website on Tuesday.

The dividend approved by the board will be put to vote at the company’s annual general meeting.

MTDC had posted a net profit of MVR 38.6 million last year.

MTDC had been established in 2006, during President Maumoon Abdul Gayoom’s administration, with the purpose of sharing profits from tourism with the general public.