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Sampath Bank lowers FY'17 dividend

Sampath Bank PLC lowered its dividend for the 2017 full year.

The bank's board proposed a first and final scrip dividend of 17.20 rupees per share for 2017, down from 2016's total dividend of 18.75 rupees per share.

The dividend is subject to shareholder approval at the bank's annual general meeting on March 29.

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