Saudi Ground's BoD proposes DPS of SAR0.65 for 2Q16
Saudi Ground Services' (4031.SE) Board of Directors (BoD) has proposed a cash dividend distribution of SAR0.65/share for 2Q16 (total of SAR122.2mn); a total of SAR0.77/share was paid out in 1H16. The dividend implies a payout ratio of 62% and an annualised dividend yield of 5.7%. Ex-dividend date is on 14 August 2016, while the distribution date is yet to be disclosed. (Tadawul)
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