ORIENTAL WEAVERS
ORWE
General AssemblyPositive News
Oriental Weavers Unveils Generous 2024 Dividend Plan Amid Profit Surge
Oriental Weavers approves EGP 1bn dividends for 2024 with a profit jump, distributing EGP 1.60 per share in three installments.
April 9, 2025 at 4:58:00 PMScore: 85
Oriental Weavers shareholders have approved a whopping EGP 1.06 billion cash dividend distribution for 2024, as revealed in a recent stock exchange filing. The Ordinary General Meeting (OGM) on April 7 greenlit a payout of EGP 1.60 per share, set to be disbursed across three installments in April, July, and October 2025. The decision follows the company's stellar financial performance, with consolidated net profits after tax soaring to EGP 2.54 billion in 2024—a significant leap from EGP 1.89 billion in 2023.
Recommended Actions
- Monitor dividend installment dates for optimal cash flow planning
- Review company's financial statements for sustainability of profit growth
- Compare dividend yield with sector peers before investment decisions
- Track stock price movements post-dividend announcement
- Consult financial advisor for personalized portfolio adjustments
Positive Aspects
- High dividend payout ratio
- 45% year-on-year profit increase
- Structured dividend distribution plan
Negative Aspects
- Dividend disbursement delayed until 2025
- Potential liquidity concerns for investors awaiting installments
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