Southern Cement shareholders to vote on 22.5% dividend for H2 2019 on April 5
Southern Province Cement Co.’ shareholders will vote on April 5, 2020 on the board’s proposal for distributing a 22.5% cash dividend, or SAR 2.25 per share for H2 2019, the firm said in a statement to Tadawul.
Dividend Details (H2 2019) |
||
Current Capital |
SAR 1.4 bln |
|
Number of shares |
140 mln |
|
Dividend |
SAR 315 mln |
|
Percentage of capital |
22.5% (SAR 2.25 per share) |
|
Record date |
April 05, 2020 (The second day following the record date) |
|
Payment date |
April 19, 2020 |
|
Dividend for FY 2019 |
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Total dividend |
SAR 490 mln |
|
Percentage of capital |
35% (SAR 3.5/share) |
The general assembly will also vote on authorizing the board of directors to distribute interim dividends on a quarterly or biannual basis for fiscal year 2020.
They will also endorse the financial results, the board and auditor’s reports for the fiscal year ended Dec. 31, 2019.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
05/03/2020 | 05/04/2020 | 19/04/2020 | 315.00 | 2.25 | |
05/08/2019 | 30/09/2019 | 06/10/2019 | 175.00 | 1.25 | |
07/03/2019 | 18/04/2019 | 01/05/2019 | 140.00 | 1.00 | |
08/08/2018 | 30/09/2018 | 14/10/2018 | 140.00 | 1.00 | |
07/03/2018 | 17/04/2018 | 29/04/2018 | 70.00 | 0.50 | |
10/07/2017 | 31/07/2017 | 01/10/2017 | 140.00 | 1.00 | |
16/02/2017 | 20/04/2017 | 30/04/2017 | 315.00 | 2.25 | |
25/07/2016 | 25/07/2016 | 04/08/2016 | 350.00 | 2.50 | |
18/01/2016 | 17/03/2016 | 24/04/2016 | 490.00 | 3.50 | |
12/07/2015 | 13/07/2015 | 30/07/2015 | 350.00 | 2.50 |
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 | 7.00 | 82.23 | 8.51 % |
Last 5 Financial years | 17.75 | 109.08 | 16.27 % |
Last 10 Financial years | 47.50 | 67.25 | 70.63 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 21.16 |
P/E Before Unusual Items (TTM) | 22.93 |
P/BV | 1.42 |
Dividend Yield | 2.35 % |
Market Cap. (M) | 4,641.00 |
Return on Average Assets | 5.39 % |
Return on Average Equity | 6.77 % |
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