Bahri shareholders to vote on 10% dividend for H2 2019 on April 20
The National Shipping Company of Saudi Arabia’s (Bahri) shareholders are set to vote on the board recommendation to distribute a 10% cash dividend, or SAR 1 per share, for the second half of 2019, during the general meeting that will be held on April 20.
Shareholders will be able to participate and vote on agenda items through Tadawulaty services offered by the Securities Depository Center Co. (Edaa).
The move is in line with the Capital Market Authority’s (CMA) decision to suspend personal attendance at general meetings to contain the spread of Coronavirus.
Dividend Details (H2 2019) |
|
Current Capital |
SAR 3.9375 bln |
Number of shares |
393.75 mln |
Dividend |
SAR 393.75 mln |
Percentage of capital |
10% (SAR 1 per share) |
Record date |
April 20 |
Payment date |
To be determined |
Dividend Details (FY 2019) |
|
Dividend |
SAR 590.63 mln |
Percentage of capital |
15% (SAR 1.5 per share) |
Moreover, shareholders will vote on authorizing the board to distribute interim dividends on a quarterly or semi-annual basis for 2020, the statement added.
They will also vote on appointing an auditor and discharging board members from liabilities for the fiscal year 2019.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
20/01/2020 | 20/04/2020 | 10/05/2020 | 393.75 | 0.53 | |
29/09/2019 | 13/10/2019 | 31/10/2019 | 196.88 | 0.27 | |
11/12/2018 | 14/04/2019 | 28/04/2019 | 590.63 | 0.80 | |
14/12/2017 | 17/04/2018 | 03/05/2018 | 590.63 | 0.80 | |
18/12/2016 | 16/01/2017 | 31/01/2017 | 984.38 | 1.33 | |
24/12/2015 | 06/04/2016 | 21/04/2016 | 984.38 | 1.33 | |
11/12/2014 | 01/04/2015 | 15/04/2015 | 393.75 | 0.53 | |
19/12/2013 | 31/03/2014 | 15/04/2014 | 315.00 | 0.53 | |
22/12/2012 | 30/03/2013 | 15/04/2013 | 315.00 | 0.53 | |
24/12/2011 | 22/04/2012 | 09/05/2012 | 157.50 | 0.27 |
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 | 2.93 | 23.52 | 12.47 % |
Last 5 Financial years | 5.60 | 18.65 | 30.03 % |
Last 10 Financial years | 8.00 | 9.68 | 82.61 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 9.16 |
P/E Before Unusual Items (TTM) | 10.80 |
P/BV | 1.46 |
Dividend Yield | 2.49 % |
Market Cap. (M) | 19,195.28 |
Return on Average Assets | 8.65 % |
Return on Average Equity | 17.06 % |
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