Maldives Transport and Contracting Company (MTCC) has begun distributing dividends to its shareholders. While MTCC gained a yearly profit of USD 9.4 million last year, USD 1.3 million is decided to be distributed to the shareholders, at a rate of 1.7 cents per share.
MTCC requests to provide the share certificate and the identity card card when shareholders requests for dividends. Moreover, according to MTCC, shareholders who prefer the amount to be transferred to a bank account can fill out a form and submit it with a copy of the ID card and share certificate.
MTCC was incorporated in 1980 and is currently the longest-serving public company in the Maldives.
The company was established with the objective to contribute towards the development of infrastructure and transport service in the country.