Emaar proposes 15% cash dividend

The board of Dubai's Emaar Properties proposed a 15 per cent cash dividend for 2014, it said in a statement on Thursday.

The board recommended Dh0.15 per share to shareholders, the same as the cash payout proposed for 2013, and did not match the 10 per cent bonus share issue for the prior year.

The dividend will be approved at the annual general meeting set for April 15, according to a bourse statement.