Almarai approves 8.5% cash dividend for FY2019

06/04/2020 Argaam Exclusive
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Almarai Co.'s shareholders approved yesterday the board's recommendation on paying cash dividend at 8.5% of capital, or SAR 0.85 a share, for the fiscal year 2019, according to a bourse statement.

 

Shareholders also approved the purchase of up to 10 million company shares from internal resources to be allocated to employees under the employee incentive plan.

 

In addition, they authorized the board of directors to complete the purchase process in one or several stages within a period not exceeding 12 months from the date of the extraordinary general assembly meeting.

Dividend Details (FY2019)

Current Capital

SAR 10 bln

Number of shares

1 bln

Dividend

SAR 850 mln

Percentage of capital

8.5% (SAR 0.85 per share)

Record date

April 5, 2020 (Including registered shareholders at the Securities Depository Center (Edaa) at the end of second trading day following due date)

Payment date

April 13, 2020

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Almarai Co.
56.10
0.30 0.54 %
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Valuation Data (Latest Share Price)

P/E (TTM) 24.25
P/E Before Unusual Items (TTM) 24.25
P/BV 2.99
Dividend Yield 1.75 %
Market Cap. (M) 56,100.00
Return on Average Assets 6.45 %
Return on Average Equity 8.41 %

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