Petrochem announces SAR0.5/share dividend for FY16
National Petrochemical Company (Petrochem) has announced that its BoD had proposed a dividend of SAR0.5/share for FY16. Note that this is the first dividend that Petrochem has paid since the company was established. This implies a pay-out ratio of 59% and a dividend yield of 2.5%. The ex-dividend date will be following the AGM, the date of which has yet to be determined.
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