Tabuk Cement BoD proposes cash dividends of SAR0.90 per share for FY2015, implying 6% yield
Tabuk Cement Company board of directors (BoD) has proposed to distribute a cash dividend of SAR0.90 per share for FY2015 (SAR81 million in total cash dividends), implying 6.4% dividend yield. The proposed DPS is below last year DPS of SAR1.50 and our forecast of SAR1.0. The Ex date for the cash dividends will be announced later. (Tadawul, Tarek El-Shawarby, Wafaa Baddour) Tabuk Cement: SAR14.03 as of 10 January 2016, Rating: Sell, FV: SAR14.00 per share, MCap: USD336 million, TACCO AB / 3090.SE
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