1 Min Read
DUBAI, Feb 16 (Reuters) - Du, the United Arab Emirates' second biggest telecoms network operator, said on Thursday it recommended a cash dividend of 0.21 UAE dirham ($0.0572) per share for the second half.
This will take the total proposed dividend payout for 2016 to 0.34 dirham per share, including a 0.13 dirham per share dividend paid in October.
This compares to an annual dividend of 0.43 dirham per share in 2015.
Du reported a 20 percent decline in fourth-quarter profit on Tuesday. ($1 = 3.6724 UAE dirhams) (Reporting by Alexander Cornwell; Editing by Amrutha Gayathri)