When company earns a profit or surplus, the company makes decision to either re-invest in its business branching, or can distribute as a dividend to shareholders within financial term. Most of MSE listed public companies faces this decision.  

As stated in Company Law, the company could pay the dividend to shareholders by cash, properties or stocks. The Board of Director /in its absence, the shareholder meeting/ shall have to be considered and resolved matter of distribution of dividends to the shareholders within 50 days of the end of the financial year.

As of 31 March 2014, 44 joint stock companies out of total 249 have discussed about dividend in their Board of Director meeting, resulting 11 of them decided to distribute dividend to their shareholders. Following 11 companies declared to distribute dividend.

1.    “Gazar Suljmel”JSC, MNT7233.39 per share
2.    “Bayangol Hotel” JSC, MNT355 per share
3.    “Technic Import” JSC, MNT200 per share
4.    “Govi” JSC, MNT130 per share
5.    “Talkh Chikher” JSC, MNT110 per share
6.    “Makh Impex” JSC, MNT100 per share
7.    “TakhiKo” JSC, MNT 65 per share
8.    “BDSec” JSC, MNT11.78 per share
9.    “Achit Alkaby” JSC, MNT10 per share
10.    “Hermes Center” JSC, MNT5.82 per share
11.    “Erdenet Suvarga” JSC, MNT5 per share

Total of 108 joint stock companies submitted their financial reports of 2013 to MSE. 54 joint stock companies reported net profit and 11 of them decided to distribute dividend of MNT3.08 billion to shareholders. 

 

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Public Relations Department

MONGOLIAN STOCK EXCHANGE