Saudi Chemicals to distribute SAR1.50/share cash dividends for 1H16
The BoD of Saudi Chemical Company [2230.SE] has recommended the distribution of SAR1.50/share dividends on 28 November 2016 for 1H16. The dividend implies a dividend yield of 4%, based on the last share price, and a payout ratio of 94.7%, based on 1H16 earnings. The company also mentioned that the ex-dividend date will be on 26 December 2016, and the distribution date will be on 8 January 2017. (Tadawul)
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