Almarai shareholders to vote on 8.5% cash dividend for FY 2019 on April 5
Shareholders of Almarai Co. are set to vote on a board recommendation to distribute an 8.5% cash dividend, at SAR 0.85 per share, amounting to SAR 850 million for the fiscal year 2019, during the extraordinary general assembly meeting (EGM) that will be held on April 5, 2020.
Dividend Details for FY 2019 |
|
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 |
Payment date |
Within 15 days from the record date |
Moreover, shareholders will vote on the auditors’ report for FY2019, as well as the consolidated financial statements for the same period.
They will also vote on paying the directors’ remuneration amounting SAR 1.8 million, where SAR 200,000 will be distributed to each director on a pro-rated basis for the year ended Dec. 31, 2019.
Almarai’s shareholders will further vote on purchasing 10 million shares to allocate them within the Employee Share Participation Program (ESOP), to complete the purchase in one or several tranches over a maximum period of 12 months from the date of the meeting, including the allocation price for each share offered to the designated employees.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
09/12/2019 | 05/04/2020 | 13/04/2020 | 850.00 | 0.85 | |
10/12/2018 | 07/04/2019 | 15/04/2019 | 850.00 | 0.85 | |
11/12/2017 | 09/04/2018 | 17/04/2018 | 750.00 | 0.75 | |
06/12/2016 | 26/03/2017 | 04/04/2017 | 720.00 | 0.72 | |
14/12/2015 | 03/04/2016 | 12/04/2016 | 690.00 | 0.69 | |
28/12/2014 | 05/04/2015 | 12/04/2015 | 600.00 | 0.60 | |
29/12/2013 | 02/04/2014 | 09/04/2014 | 600.00 | 0.60 | |
19/01/2013 | 02/04/2013 | 10/04/2013 | 500.00 | 0.50 | |
07/12/2011 | 02/04/2012 | 11/04/2012 | 517.50 | 0.52 | |
06/12/2010 | 03/04/2011 | 11/04/2011 | 517.50 | 0.52 |
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 | 2.45 | 54.79 | 4.47 % |
Last 5 Financial years | 3.86 | 46.30 | 8.34 % |
Last 10 Financial years | 6.60 | 18.90 | 34.89 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 23.39 |
P/E Before Unusual Items (TTM) | 23.39 |
P/BV | 2.84 |
Dividend Yield | 1.79 % |
Market Cap. (M) | 52,700.00 |
Return on Average Assets | 6.32 % |
Return on Average Equity | 12.50 % |
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