Edita Food Industries’ (EFID.CA) Board of Directors (BoD) has proposed a cash dividend distribution of EGP0.15/share for 2016 (total of EGP108.8mn), above our forecast and last year's EGP0.11/share. The DPS implies a dividend yield of 0.9%.
Edita Food Industries: EGP17.02 as of 28 Feb. 2017, Rating: Neutral, TP: EGP11.80/share, MCap: USD781mn, EFID EY/EFID.CA
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