STO's Board of Directors Have Decided To Submit A Dividend Of MVR65/Share

The State Trading Organization (STO) Board of Directors has decided to propose a dividend of MVR 65 per share for approval at the annual general meeting (AGM). In 2021, STO paid out MVR 60 per share, and in 2020, it paid out MVR 58 per share.
 
Furthermore, STO stated that the yearly report for 2021 will be released soon, but no date for the STO AGM 2021 has been set. All Maldives Stock Exchange-listed companies must publish their annual report by April 30.
 
However, due to delays in conducting an audit on the company, STO has requested that the Capital Market Development Authority (CMDA) postpone its report until May 15.
 
According to STO's quarterly financial reports from last year, it generated MVR 10 billion in revenue, a 41 percent increase over 2020. STO earned MVR 478 million in profit after tax last year, up from MVR 359 million in 2020. A share of STO is currently worth MVR 650 on the Maldivian stock exchange.