News

MTCC Board approves a USD0.23 per share dividend

The Board of Directors of the Maldives Transport and Contracting Company (MTCC) has approved a dividend of USD 0.23 per share.

MTCC stated that the proposal will be presented at the 2024 Annual General Meeting (AGM), with a total approved dividend amounting to USD 2.1 million. For the 2022 dividend, shareholders recorded on the company’s register by May 23 will be eligible for the payout.

MTCC reported a revenue of USD43 million in the first quarter of this year.