Advanced approves 6.5% cash dividend for Q4 2019

01/04/2020 Argaam Exclusive

Advanced Petrochemicals Co.’s (Advanced) shareholders approved yesterday the board's recommendation on paying cash dividend at 6.5% of capital, or SAR 0.65 a share, for the fourth quarter of 2019, according to a bourse statement.

 

Shareholders also approved the audit report for the fiscal year 2019 and the appointment of Ernst & Young as an external auditor to review Q1, Q2, Q3, Q4 and FY2020 financial statements.

 

In addition, shareholders authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for FY2020.

Dividend Details (Q4 2019)

Current Capital

SAR 2.1647 bln

Number of shares

216.47 mln

Dividend

SAR 140.7 mln

Percentage of capital

6.5% (SAR 0.65 per share)

Record date

March 31, 2020 (Including registered shareholders at the Securities Depository Center (Edaa) at the end of second trading day following due date)

Payment date

To be determined later

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
01/04/2020 23/04/2020 14/05/2020 140.70 0.54
09/12/2019 31/03/2020 20/04/2020 140.70 0.54
13/10/2019 17/10/2019 06/11/2019 140.70 0.54
26/05/2019 30/06/2019 18/07/2019 137.80 0.53
20/03/2019 31/03/2019 18/04/2019 137.80 0.53
18/12/2018 19/03/2019 08/04/2019 137.80 0.53
26/09/2018 30/09/2018 18/10/2018 137.80 0.53
10/06/2018 28/06/2018 19/07/2018 137.80 0.53
19/03/2018 29/03/2018 19/04/2018 137.80 0.53
05/12/2017 18/03/2018 04/04/2018 137.80 0.53
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend Cash dividend per share (SAR) * The stock price at the beginning of the period (SAR) Return on the base price
Last 3 Financial years 6.43 34.58 18.59 %
Last 5 Financial years 10.51 23.64 44.47 %
Last 10 Financial years 18.07 14.46 124.91 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Advanced Petrochemical Co.
32.75
(0.45) (1.36 %)

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Valuation Data (Latest Share Price)

P/E (TTM) More than 100
P/E Before Unusual Items (TTM) More than 100
P/BV 2.65
Dividend Yield 0.00 %
Market Cap. (M) 8,515.00
Return on Average Assets 0.43 %
Return on Average Equity 1.61 %

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