Oman Cables’ BoD proposes OMR0.090/share cash dividend for FY2015, below estimate
Oman Cables’ (OC) board of directors (BoD) has proposed to distribute a cash dividend of OMR0.090/share for FY2015 (flat Y-o-Y, 10% below our forecast of OMR0.10/share). The proposed dividend implies OMR8.1 million in total cash dividends, 5.6% dividend yield and 44% payout (flat Y-o-Y, versus our estimate of 54%). The EX date for the cash dividends will be announced later. (Company disclosure, Sameer Kattiparambil, Wafaa Baddour) Oman Cables: OMR1.600 as of 20 January 2016, Rating: Neutral, FV: OMR2.117 per share, MCap: USD360 million, OCAI OM / OCAB.OM
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