Najran Cement shareholders approve 7.5% dividend for H2 2020
Najran Cement Co.’s shareholders approved the board’s recommendation to pay cash dividend at 7.5% of capital, or SAR 0.75 a share, for H2 2020, during the ordinary general meeting (OGM) held on March 31, 2021.
Dividend Details (H2 2020) |
|
Current Capital |
SAR 1.7 bln |
Number of shares |
170 mln |
Dividend |
SAR 127.5 mln |
Percentage of capital |
7.5% (SAR 0.75 per share) |
Record date |
Shareholders registered with Securities Depository Center at the end of the second trading day following the general assembly |
Payment date |
To be determined |
Dividend Details (2020) |
|
Dividend |
SAR 255 mln |
Percentage of capital |
15% (SAR 1.5 per share) |
Shareholders also authorized the board to distribute interim dividend to shareholders on semi-annual or quarterly basis for 2021, and to determine the maturity and disbursement date as per the rules and regulations of the Company Law, in line with Najran Cement’s financial position, cash flows, expansion and investment plans.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
28/02/2021 | 31/03/2021 | 13/04/2021 | 127.50 | 0.75 | |
24/09/2020 | 01/10/2020 | 15/10/2020 | 127.50 | 0.75 | |
11/05/2016 | 19/05/2016 | 09/06/2016 | 102.00 | 0.60 | |
29/12/2015 | 29/03/2016 | 21/04/2016 | 85.00 | 0.50 | |
10/08/2015 | 20/08/2015 | 10/09/2015 | 85.00 | 0.50 | |
11/12/2014 | 30/03/2015 | 30/04/2015 | 102.00 | 0.60 | |
21/07/2013 | 22/07/2013 | 01/08/2013 | 102.00 | 0.60 | |
03/02/2013 | 18/03/2013 | 02/04/2013 | 93.50 | 0.55 | |
26/09/2012 | 29/09/2012 | 17/10/2012 | 85.00 | 0.50 |
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 | 1.50 | 10.57 | 14.19 % |
Last 5 Financial years | 2.10 | 14.58 | 14.40 % |
Last 10 Financial years | N/A | N/A | N/A |
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Valuation Data (Latest Share Price)
P/E (TTM) | 21.07 |
P/E Before Unusual Items (TTM) | 21.07 |
P/BV | 0.71 |
Dividend Yield | - |
Market Cap. (M) | 1,441.60 |
Return on Average Assets | 2.76 % |
Return on Average Equity | 3.41 % |
Comments Analysis: