Yanbu Cement shareholders approve 12.5% dividend for H2 2019

04/06/2020 Argaam Exclusive

Yanbu Cement Co.’ shareholders approved a board recommendation to distribute a 12.5% cash dividend, or SAR 1.25 per share, for the second half of 2019, during the general assembly meeting held on June 3, 2020.

 

Moreover, the assembly authorized the board of directorsto distribute interim cash dividends on a semi-annual or quarterly basis for the fiscal year 2020.

Dividend Details (H2 2019)

Current Capital

SAR 1.575 bln

Number of shares

157.5 mln

Dividend

SAR 196.88 mln

Percentage of capital

12.5% (SAR 1.25 per share)

Record date

June 3, 2020 (The second day following the general assembly meeting date)

Payment date

To be determined

Dividend for FY 2019

Total dividend

SAR 315 mln

Percentage of capital

20% (SAR 2/share)

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Yanbu Cement Co.
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Valuation Data (Latest Share Price)

P/E (TTM) 25.60
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Dividend Yield 4.35 %
Market Cap. (M) 3,770.55
Return on Average Assets 4.38 %
Return on Average Equity 5.56 %

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