EDITA FOOD INDUSTRIES S.A.E
EFID
General AssemblyPositive News
Edita Food Industries Announces EGP 800 Million Dividend Payout for 2024
Edita Food Industries approves EGP 800 million dividends for 2024, offering shareholders EGP 1.14 per share in two installments.
April 8, 2025 at 12:15:00 PMScore: 85
Cairo – Mubasher: Edita Food Industries shareholders approved an ordinary general meeting (OGM) resolution to distribute EGP 800.10 million in cash dividends for 2024. The EGX-listed company will issue EGP 1.14 per share across two installments, as disclosed in a recent stock exchange filing. This follows a EGP 400 million dividend payout for 2023, highlighting the company’s consistent returns to investors.
Recommended Actions
- Monitor dividend payment dates to optimize portfolio returns
- Compare Edita’s dividend yield with sector peers for relative value
- Assess company’s cash reserves to gauge payout sustainability
- Watch stock price movements post-dividend announcement for entry/exit opportunities
- Consult a financial advisor to align this update with long-term investment goals
Positive Aspects
- Generous dividend yield for investors
- Consistent track record of annual payouts
- Transparent disclosure via stock exchange filings
Negative Aspects
- Dividend sustainability depends on future earnings
- Potential liquidity concerns if payouts exceed cash flow
Recent News
January 22, 2024 at 12:37:00 PMGiza Contracting Secures EGP 539 Million Mega-Contract for New Aswan City Development
July 3, 2024 at 10:22:00 AMLink Holdco Trims Fawry Stake Amid Block Trade Surge
March 10, 2024 at 12:07:00 PMRaya Holding Soars to EGP 564M Profit in 2023 Amid Revenue Surge
May 29, 2024 at 10:36:00 AMRaya Holding Soars with 131% Profit Surge in Q1-24 Amid Standalone Losses
GGCC
GIZA GENERAL CONTRACTINGEgyptian construction giant lands major infrastructure deal while navigating revenue challenges in 2023 financials
FWRY
FAWRY FOR BANKING TECHNOLOGY AND ELECTRONIC PAYMENTLink Holdco reduces Fawry stake to 4.99% following a EGP 1.02B block trade; Q1 profit surges 135% YoY.
RAYA
RAYA HOLDING FOR FINANCIAL INVESTMENTSRaya Holding reports a 34% profit surge to EGP 564M in 2023, driven by revenue growth, but standalone losses widen.
RAYA
RAYA HOLDING FOR FINANCIAL INVESTMENTSRaya Holding reports soaring Q1-24 consolidated profits but faces standalone losses as revenues and assets grow.
