Arabian Cement shareholders approve 15% cash dividend for H2 2021

18/04/2022 Argaam Exclusive

Shareholders of Arabian Cement Co. approved, on April 17, the board’s recommendation on paying a cash dividend at 15% of capital, or SAR 1.5 per share, for the second half of 2021, according to a bourse filing. 

 

Dividend Details for H2 2021

Current capital

SAR 1 bln

Number of shares

100 mln

Dividend

SAR 150 mln

Percentage of capital

15% (SAR 1.5 per share)

Record date

April 17, 2022 (Shareholders registered with the Securities Depository Centre (Edaa) by the close of the second trading day following the record date).

Payment date

May 12, 2022 

 

Total Dividend (2021)

Total dividend

SAR 275 mln 

Percentage of capital 

27.5% (SAR 2.75 per share) 

 

Additionally, shareholders approved authorizing the board to pay interim dividends for 2022 on a semi-annual or quarterly basis.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
28/02/2022 17/04/2022 12/05/2022 150.00 1.50
16/08/2021 18/08/2021 06/09/2021 125.00 1.25
01/03/2021 11/04/2021 02/05/2021 125.00 1.25
26/07/2020 10/08/2020 26/08/2020 100.00 1.00
02/03/2020 19/04/2020 07/05/2020 100.00 1.00
04/08/2019 05/08/2019 29/08/2019 75.00 0.75
03/03/2019 07/04/2019 25/04/2019 100.00 1.00
19/02/2018 08/04/2018 26/04/2018 100.00 1.00
25/09/2017 03/12/2017 19/12/2017 200.00 2.00
09/08/2017 10/08/2017 27/08/2017 100.00 1.00
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

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 7.20 36.70 19.62 %
Last 5 Financial years 9.95 34.30 29.01 %
Last 10 Financial years 29.85 40.40 73.89 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

28.90
0.25 0.87 %
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Valuation Data (Latest Share Price)

P/E (TTM) 19.98
P/E Before Unusual Items (TTM) 22.74
P/BV 1.10
Dividend Yield 4.35 %
Market Cap. (M) 2,890.00
Return on Average Assets 4.50 %
Return on Average Equity 5.46 %

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