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-   -   BUZZ-Saudi's Almarai drops after proposing flat dividend (https://hameed.nwar.uk/vb/showthread.php?t=1066454)

rss 12-30-2014 05:42 AM

BUZZ-Saudi's Almarai drops after proposing flat dividend
 
** Shares in Saudi Arabia's Almarai drop 2.0 percent to 78.50 riyals in early trade ** Company said on Sunday its board recommended a cash dividend of 1 riyal per share for 2014 ** Almarai, the largest dairy firm in the Gulf, paid the same amount in 2013 ** Some market players had expected a higher 2014 dividend as net profit is forecast to rise 13 percent, according to Thomson Reuters average of analysts' predictions ** Saudi Arabia's stock index is flat (Reporting by Olzhas Auyezov; Editing by Andrew Torchia)

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