Cairo Poultry BoD proposes DPS of EGP0.50 per share; 1:10 bonus share issue
Cairo Poultry Company (POUL.CA) board of directors (BoD) has proposed a cash dividend of EGP0.50 per share for FY 2015 (cEGP174 million in total cash dividends). This implies a payout ratio of c73% and yield of c7%. In addition, the board approved a 1:10 bonus share issue. The number of shares will increase to c383.2 million from c348.3 million. The EX date for the cash dividends is yet to be announced by the company. (Mubasher)
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