AACT proposes 2015 cash DPS of OMR0.020 (7% yield), +33% versus our estimate
Al Anwar Ceramics (AACT) board of directors (BoD) has proposed to distribute a cash dividend of OMR0.020/share for FY2015 (-5% Y-o-Y but 33% above our forecast of OMR0.015). The proposed dividend implies OMR5.9 million in total cash dividends, a 7.0% dividend yield and 89% payout (versus 63% payout in FY2014 and our estimate of 65%). The EX date for the cash dividends will be Monday 28 March 2016. (Sameer Kattiparambil, Tarek El-Shawarby) Al-Anwar Ceramics: OMR0.284 as of 08 February 2016, Rating: Neutral, FV: OMR0.335 per share, MCap: USD215 million, AACT OM / AACT.OM
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