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Dividend History
ACWA Power plans 4.5% dividend for 2023, 1:500 bonus shares
ACWA Power Co.’s board of directors recommended on Feb. 28 a 4.5% cash dividend, or SAR 0.45 per share, for 2023, the company said in a statement to Tadawul.
|
Dividend Details (2023) |
|
|
Current capital |
SAR 7.31 bln |
|
Number of shares |
731.1 mln |
|
Dividend |
SAR 329 mln |
|
Percentage of capital |
4.5% (SAR 0.45 per share) |
|
Record date |
Shareholders owning shares by the close of trading on the general assembly date, and those registered with Edaa by the close of the second trading day following the record date |
|
Payment date |
To be determined |
In a separate statement, ACWA Power said that its board proposed also increasing capital by SAR 14.62 million from retained earnings through a 1-for-500 bonus share distribution.
|
Capital Increase Details |
|
|
Current Capital |
SAR 7.31 bln |
|
Number of Shares |
731.1 mln |
|
Percentage of Increase |
0.20% (1-for-500) |
|
New Capital |
SAR 7.32 bln |
|
New Number of Shares |
732.56 mln |
|
Method |
Capitalization of SAR 14.62 mln from retained earnings |
|
Reason |
Focus on growth in the projects outlined in the strategic plan. Therefore, a bonus issue and a partial capitalization of earnings were recommended. |
|
Record Date |
Shareholders of record on the general assembly date and those registered with Edaa on the second trading day following the record date. |
Fractional shares, if any, will be collected in one portfolio for all shareholders and sold at the market price, then their value will be distributed among eligible shareholders, on a pro rata basis, within a period not exceeding 30 days from the date of determining the shares due to each shareholder.
The bonus share distribution is subject to the approval of the competent authorities as well as the bank’s shareholders.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 29/02/2024 | 29/04/2024 | 13/05/2024 | 328.99 | 0.45 | |
| 26/01/2023 | 22/06/2023 | 12/07/2023 | 606.81 | 0.83 | |
| 01/06/2022 | 30/06/2022 | 21/07/2022 | 562.95 | 0.77 |
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 | 2.05 | 72.65 | 2.82 % |
| Last 5 Financial years | N/A | N/A | N/A |
| Last 10 Financial years | N/A | N/A | N/A |
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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 | 15.43 |
| Dividend Yield | 0.18 % |
| Market Cap. (M) | 285,698.40 |
| Return on Average Assets | 3.28 % |
| Return on Average Equity | 9.13 % |
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