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MEPCO shareholders approve 10% cash dividend for 2021
14/06/2022
Argaam Exclusive
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Shareholders of Middle East Paper Co. (MEPCO) approved the board of directors’ recommendation for the payout of a 10% cash dividend, or SAR 1 per share, for 2021, during the ordinary general meeting (OGM) held on June 13, according to a bourse filing.
|
Dividend Details |
|
|
Current Capital |
SAR 500 mln |
|
Number of Shares |
50 mln |
|
Total Dividend |
SAR 50 mln |
|
Percentage of Capital |
10% (SAR 1 per share) |
|
Record Date |
June 13, 2022 (Shareholders registered with Securities Depository Co. (Edaa) by the close of the second trading day after the OGM date) |
|
Payment Date |
Within 15 days from the record date |
The shareholders also authorized the board to pay interim dividends on a quarterly or semiannual basis for 2022, MEPCO said in a statement to Tadawul.
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 |
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 | 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 |
Based on the beginning of the period (January 1 of the base year)
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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 %) |
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