Yanbu Cement shareholders approve 12.5% dividend for H2 2019

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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Valuation Data (Latest Share Price)

P/E (TTM)	25.26
P/E Before Unusual Items (TTM)	25.26
P/BV	1.40
Dividend Yield	4.35 %
Market Cap. (M)	3,720.15
Return on Average Assets	4.38 %
Return on Average Equity	5.56 %

Yanbu Cement shareholders approve 12.5% dividend for H2 2019

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Valuation Data (Latest Share Price)

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