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Dividend History
Bahri shareholders approve 10% dividend for H2 2020, dividend policy until 2022
National Shipping Company of Saudi Arabia’s (Bahri) shareholders approved the board recommendation to distribute 10% cash dividend, or SAR 1 per share, for the second half of 2020, during the ordinary general assembly meeting (OGM) held on April 26, 2021.
|
Dividend Details (H2 2020) |
|
|
Current Capital |
SAR 3.973 bln |
|
Number of shares |
393.75 mln shares |
|
Dividend |
SAR 393.75 mln |
|
Percentage of capital |
10% (equivalent to SAR 1 per share) |
|
Record date |
April 26, 2021 |
|
Payment date |
To be determined later |
|
Dividend (2020) |
|
|
Dividend |
SAR 787.50 mln |
|
Percentage of capital |
20% (equivalent to SAR 2 per share) |
Additionally, shareholders authorized the board to distribute interim dividends on a quarterly or semi-annual basis for 2021.
They also approved the board of directors’ recommendation with regards to the new dividend policy for 2020, 2021 and 2022.
Bahri targets to pay SAR 1 per share semi-annually for the next three years starting from 2020. The dividend policy will remain subject to change based on any material changes in the strategy, high volatility on shipping’s international prices or any, and funding that the company may be bound to follow.
Shareholders also approved the suspension of allocating 10% of the net income to the statutory reserve since it has exceeded 30% of capital.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 28/01/2021 | 26/04/2021 | 09/05/2021 | 393.75 | 0.53 | |
| 21/09/2020 | 05/10/2020 | 22/10/2020 | 393.75 | 0.53 | |
| 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 |
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 | 2.67 | 16.66 | 16.01 % |
| Last 5 Financial years | 5.33 | 25.36 | 21.03 % |
| Last 10 Financial years | 8.53 | 9.39 | 90.87 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 9.88 |
| P/E Before Unusual Items (TTM) | 11.65 |
| P/BV | 1.58 |
| Dividend Yield | 2.49 % |
| Market Cap. (M) | 20,708.75 |
| Return on Average Assets | 8.65 % |
| Return on Average Equity | 17.06 % |
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