Egypt's Eastern Tobacco to pay $0.82 dividend.Byline: Cairo Egypt's cigarette monopoly Eastern Tobacco announced a shareholder dividend of 4.5 Egyptian pounds ($0.82) per share, Egypt's stock exchange said on Sunday Sunday: see Sabbath; week. , sharply lower than the previous year's payout pay·out n. 1. The act or an instance of paying out. 2. A percentage of corporate earnings that is paid as dividends to shareholders. . The dividends, agreed at the company's annual general meeting on Thursday, will be paid on November 15. The firm, which has 50 million listed shares, reported net profit of 830.4 million pounds in fiscal 2008/09, up 10.5 per cent from the previous year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the exchange. In 2008, the firm paid out a 14 pound dividend. In May, HC Brokerage said the firm might not pay dividends this year due to rising outlays Outlays Payments on obligations in the form of cash, checks, the issuance of bonds or notes, or the maturing of interest coupons. , but maintained a 'buy' rating. The firm's shares were almost 3 per cent lower at 131 pounds by 1115 GMT (Greenwich Mean Time) See UTC. GMT - Universal Time 1 .- Reuters Copyright 2008 www.tradearabia.com Copyright 2009 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion