Ferchem’s share price limited down on paying 2019 dividends
Updated 4/22/2020 4:08:56 PM
ArabFinance: The Egyptian Exchange (EGX) has decided to limit down the price of Ferchem Masr for Fertilizers and Chemicals’ (FERC) share by 42.639%.
This decline limit comes in line with the company’s cash dividends distribution for fiscal year 2019. It will be applied at the closing of the ex-dividend date on April 22nd.
Ferchem will pay EGP 2.5 per share as dividends to the entitled shareholders on April 27th.
It is worth noting that the company posted net profits of EGP 25.68 million in 2019.
