Yamama Cement BoD proposes cash dividend of SAR0.50 per share for 1Q2016
Yamama Cement board of directors (BoD) has proposed a cash dividend of SAR0.50 per share for 1Q2016 or cSAR101.25 million in total cash dividends, implying a 67% payout ratio, versus DPS of SAR0.75 (87% payout) in 1Q2015. The company has cut its DPS Y-o-Y as it started implementing the project of relocating existing plant to the new location that requires some funding. We forecast a DPS of SAR2.25 for FY2015 (76% payout) lower than 2015 DPS of SAR3.0. The ex-date for the cash dividends will be by 1 May 2016. (Tadawul, Tarek El-Shawarby)
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.