Riyadh – Mubasher: MubasherTrade Research (MTRe) maintained its Sell/Moderate risk rating on Hail Cement.
The research firm adjusted the company’s price target, which was down 4.8%, to SAR 11.9 per share from SAR 12.5 per share, according to a report released on Sunday.
The ex-dividend date of the distribution of SAR 0.50 per share cash dividend for the second quarter of 2016 will be 4 September, 2016 and the distribution date will be on 21 September, 2016.
Hail’s dividend per share (DPS) came above the estimates of MubasherTrade of SAR0.60 per share, the report said.
