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Sri Lanka's Seylan Bank raises FY'17 dividend

Seylan Bank Plc declared a first and final ordinary dividend of 3.50 Sri Lankan rupees per share for the year ended Dec. 31, 2017, up from a dividend of 3.25 rupees per share in the year-ago period.

The full-year 2017 dividend consists of 1 rupee per share in the form of a cash dividend and 2.50 rupees per share in the form of a scrip dividend, the bank said March 5.

The dividend will be paid on or before April 10, subject to shareholder approval.

As of March 5, US$1 was equivalent to 154.95 Sri Lankan rupees.