Amana Bank declares sixth consecutive annual dividend with 24% increase 

In the backdrop of its positive performance trend, Amana Bank recently declared its 6th successive annual dividend, demonstrating the bank’s commitment to deliver long-term value to its shareholders. 
With this latest announcement made to the CSE, the bank’s dividends declared since 2018 stands in excess of Rs.1.4 billion.
Offering its shareholders an interim scrip dividend of 12 cents per share, Amana Bank’s 2023 dividend pay-out of Rs.334.1 million reflects a 24 percent increase compared to the dividend declared in 2022.

The 2023 scrip dividend, which is in line with the directions of the Central Bank of Sri Lanka to all banks on restricting cash dividends, is issued in the proportion of one share for approximately every 23.5 shares held in the bank, and is valued at Rs.2.40 per share.  Once the scrip dividend is concluded, the bank’s total number of shares will increase by 118,317,854 to reach 2,902,267,365. The value of reserves to be capitalised for the issue after accounting for withholding tax is Rs.284 million.