HDB’s AGM approves distribution of cash dividends of EGP5/share; payout of 39%, yield of 9%
Housing and Development Bank’s (HDB) AGM, held Wednesday, approved the proposed cash dividend distribution of EGP5/share for FY18, a payout of 39% and a dividend yield of 9.4%. The ex-dividend date will be on 15 April, and the dividends will be distributed on 17 April.
Housing & Dev. Bank: EGP53.18 as of 27 Mar. 2019, Rating: Buy, TP: EGP73.50/share, MCap: USD389mn, HDBK EY/HDBK.CA
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