Etisalat dividends 2008

[sharewadi]

Etisalat Board of Directors met yesterday (see also Etisalat annual results 2008). Recommendations:

10% share dividend
35% cash dividend for H2 2008 (there was already 25% paid for H1)
AGM date might be 02 April 2009? With 12 April 2009 record date?
BOD results announced on ADX website but no further information supplied. This might be something that the ADX Reuters Investor Relations agreement is hoping to address ...

Etisalat dividends (yields are as of result date, not current date)

2008 Etisalat dividends (proposed): 60% cash dividend (dividend yield 5.9%), 10% bonus shares
2007 Etisalat dividends: 60% cash dividend (dividend yield 2.5%), 20% bonus shares
2006 Etisalat dividends: 60% cash dividend, 10% bonus shares
2005 Etisalat dividends: 50% cash dividend, 50% bonus shares
2004 Etisalat dividends: 50% cash dividend, 10% bonus shares

ADX 24 February 2009 (am):

(ETISALAT) Results of Etisalat board meeting

Reuters 23 February 2009:

Etisalat plans 35 pct cash dividend, bonus shares by Stanley Carvalho Abu Dhabi - The board of Emirates Telecommunications Corp (ETISALAT) proposed a 35 percent cash dividend for the second half of 2008, and a 1-for-10 bonus share issue, the company said in a statement. The second-largest Arab telecom operator's fourth-quarter net profit fell 19.3 percent to 1.42 billion dirhams ($386.6 million), missing analyst forecasts.

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