Saudi Airlines Catering’s Board of Directors (BoD) has proposed a cash dividend distribution of SAR1.75/share for 3Q16 (total of SAR143.5mn), in line with our forecast and the run rate for 10 consecutive quarters. The quarter's payout is c96%, higher than the DPO since 2013 of 80%+, but close to 1H16 DPO of c100%. The dividend implies an annualised dividend yield of 8.1%. Ex-dividend date is on 16 November 2016, and distribution date is 13 December 2016. (Company disclosure, Hatem Alaa, Nada Amin)    Saudi Airlines Catering Company: SAR86.02 as of 17 October 2016, Rating: Neutral, FV: SAR110.00 per share, MCap: USD1,881mn, CATERING AB / 6004.SE