Al Anwar Ceramics’ BoD proposes FY18 DPS of OMR0.006, dividend yield of 8.3%
Al Anwar Ceramics’ (AACT) Board of Directors (BoD) proposed a cash DPS of OMR0.006 for FY18 (flat Y-o-Y vs. EFGe of OMR0.002), which represents an 8.3% dividend yield. The proposed dividend implies OMR1.78mn in total cash and 240% payout (vs. EFG payout estimate of 100%). The ex-date for the cash dividends will be 22 Mar 2019.
Al-Anwar Ceramics: OMR0.073 as of 11 Feb. 2019, Rating: Buy, TP: OMR0.131/share, MCap: USD57mn, AACT OM/AACT.OM
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