Saudi Electricity shareholders to vote on 7% dividend for 2020 on April 27
Saudi Electricity Co.'s (SEC) shareholders will vote on the board's recommendation of distributing 7% cash dividend, at SAR 0.70 per share, for 2020 during the ordinary general meeting (OGM) slated on April 27, 2021.
Dividend Details (2020) |
|
Current Capital |
SAR 41.666 bln |
Number of shares |
4.1666 bln |
Dividend* |
SAR 2.916 bln |
Percentage of capital |
7% (SAR 0.70 per share) |
Record date |
By the close of trading on the general meeting date for the shareholders registered at the Securities Depository Center (Edaa) on the second day after the record date. |
Payment date |
To be determined |
Shareholders will also approve the board and auditor reports and financial statements for 2020.
They will vote on payment of SAR 892,500 remuneration to board members for 2020, as well as increasing the audit committee members to five from four.
Shareholders will vote on the agenda items as of April 23, 2021, through the Tadawulaty services.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
30/03/2021 | 27/04/2021 | 20/05/2021 | 2,916.62 | 0.70 | |
21/04/2020 | 02/06/2020 | 16/06/2020 | 749.30 | 0.70 | |
13/03/2019 | 30/04/2019 | 12/05/2019 | 749.30 | 0.70 | |
21/03/2018 | 25/06/2018 | 17/07/2018 | 547.00 | 0.70 | |
21/02/2017 | 19/04/2017 | 30/04/2017 | 547.00 | 0.70 | |
23/02/2016 | 25/04/2016 | 08/05/2016 | 547.00 | 0.70 | |
24/02/2015 | 20/04/2015 | 03/05/2015 | 547.00 | 0.70 | |
25/02/2014 | 15/04/2014 | 27/04/2014 | 547.00 | 0.70 | |
24/02/2013 | 15/04/2013 | 27/04/2013 | 547.00 | 0.70 | |
19/02/2012 | 02/04/2012 | 14/04/2012 | 547.00 | 0.70 |
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 | 2.10 | 20.68 | 10.15 % |
Last 5 Financial years | 3.50 | 15.61 | 22.42 % |
Last 10 Financial years | 7.00 | 14.05 | 49.82 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 24.76 |
P/E Before Unusual Items (TTM) | 21.82 |
P/BV | 0.79 |
Dividend Yield | 3.69 % |
Market Cap. (M) | 68,332.08 |
Return on Average Assets | 0.54 % |
Return on Average Equity | 3.18 % |
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