Etisalat Group board proposes a DPS of AED0.40 for 2H16, bringing FY16 DPS to AED0.80, exactly in line with our estimate
Etisalat Group’s [ETEL.AD] board has proposed a 2H16 DPS of AED0.40, bringing the total DPS for 2016 to AED0.80. This is exactly in line with our estimate and implies a FY16 dividend yield of 4.5%.
Etisalat (AD): AED17.85 as of 8 Mar. 2017, Rating: Neutral, TP: AED18.63/share, MCap: USD42,299mn, ETISALAT UH/ETEL.AD
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