Batelco Group AGM approves USD 152.8 mln dividend for 2011

Batelco Group said shareholders at its AGM approved a cash dividend of USD 152.8 million, which represents a 72 percent payout at a value of BHD 0.40 per share for the year ended on 31 December 2011. Batelco had already paid BHD 0.20 per share during the third quarter of 2011 with the payment of the remaining BHD 0.20 per share expected on 06 March. Batelco said it ranks among the top regional telecommunications companies in terms of dividend yields and comparative shareholder returns.