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English news

27-Jan-2016

Shell Oman proposes OMR0.106/share cash dividend for FY2015, above estimate

Shell Oman (SOMS) board of directors (BoD) has proposed to distribute a cash dividend of OMR0.106/share for FY2015 (+15% Y-o-Y, 6% above our forecast of OMR0.100/share). The proposed dividend implies OMR10.6 million in total cash dividends, 5.4% dividend yield and 75% payout (flat Y-o-Y, versus our estimate of 73%). The EX date for the cash dividends will be announced later. (Company disclosure, Sameer Kattiparambil)    Shell Oman Marketing: OMR1.965 as of 26 January 2016, Rating: Neutral, FV: OMR2.175 per share, MCap: USD504 million, SOMS OM / SHEL.OM

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