Arabian Cement Co. (Egypt) DPS of EGP0.53, ex-div date 13 June 2016
Arabian cement company (Egypt) has announced that the EGP0.53 cash dividend per share for full year 2015 will be distributed over two tranches, the first: EGP0.20 will be distributed on 15 June 2016, and the second: EGP0.33 will be distributed on 30 November 2016, with the ex-div date being 13 June 2016. The approved dividend implies a payout ratio of 72% and a yield of 6.5%. (Company, Tarek El Shawarby, Wafaa Baddour, CFA) Arabian Cement (Egypt): EGP8.16 as of 9 June 2016, Rating: Buy, FV: EGP13.00/share, MCap: USD348mn, ARCC EY / ARCC.CA
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