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Dividend History
MEPCO board recommends 10% cash dividend for 2021
AI Summary
Content Summary: 
Middle East Paper Co.’s (MEPCO) board of directors recommended paying a cash dividend at 10% of capital, or SAR 1 per share for 2021, according to a bourse filing.
|
Cash Dividend Details |
|
|
Current Capital |
SAR 500 mln |
|
Number of Shares |
50 mln |
|
Total Dividend |
SAR 50 mln |
|
Payment Ratio |
10% (SAR 1 a share) |
|
Record Date |
Shareholders of record on the day of the general meeting and those registered in the Securities Depository Center by the end of the next trading day after the general meeting date |
|
Payment Date |
To be announced |
In a statement to Tadawul, MEPCO said this recommendation was made as part of the company's strategy to distribute stable dividends, while focusing on its growth plans.
The improved profitability enhances MEPCO’s ability to meet its growth plans, including Roots, Estidama and other future projects, it noted.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 17/03/2022 | 13/06/2022 | 28/06/2022 | 50.00 | 0.75 | |
| 10/03/2019 | 11/03/2019 | 25/03/2019 | 25.00 | 0.37 | |
| 30/10/2018 | 01/11/2018 | 14/11/2018 | 25.00 | 0.37 | |
| 04/03/2018 | 22/04/2018 | 08/05/2018 | 37.50 | 0.56 | |
| 15/03/2017 | 23/05/2017 | 08/06/2017 | 37.50 | 0.56 | |
| 08/05/2016 | 26/06/2016 | 24/07/2016 | 25.00 | 0.37 |
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 | 1.62 | 10.68 | 15.22 % |
| Last 5 Financial years | 2.37 | 14.70 | 16.16 % |
| Last 10 Financial years | N/A | N/A | N/A |
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Valuation Data (Latest Share Price)
| P/E (TTM) | NEG |
| P/E Before Unusual Items (TTM) | NEG |
| P/BV | 1.68 |
| Dividend Yield | - |
| Market Cap. (M) | 2,704.10 |
| Return on Average Assets | (3.40 %) |
| Return on Average Equity | (4.37 %) |
Comments Analysis: