Cenomi Centers board distributes 10% special dividend for Q3 2022/23
Cenomi Centers ’s board of directors decided to distribute a 10% special cash dividend (SAR 1 per share) for the third quarter ended on Dec. 31, 2022, the company said in a statement to Tadawul.
Dividend Details (Q3 2022/23) |
|
Current capital |
SAR 4.75 bln |
Number of shares |
475 mln |
Dividend |
SAR 475 mln |
Percentage of capital |
10% (SAR 1 per share) |
Record date |
April 4, 2023 (Shareholders registered in Securities Depository Center Co. (Edaa) at the end of the second trading day following the record date) |
Payment date |
April 25, 2023 |
Dividend Details 2022 |
|
Total Dividend |
SAR 831.25 mln |
Percentage of Capital |
17.5%, or SAR 1.75 a share |
The special dividend is attributed to Cenomi Centers’ robust business results, outstanding achievements in expanding operations, and the company’s proceeds of its successful program for selling for non-core assets.
Launched at the beginning of 2022, the sale program included two land plots, bringing the total proceeds of the asset sale program to nearly SAR 875 million, the statement added, noting that the sale of the remaining non-core assets, whose market value is estimated at about SAR 1.15 billion, is in the pipeline.
The board also decided to settle SAR 134 million of receivable balances from related parties within the framework of cash dividend payment to the main shareholders.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
02/04/2023 | 04/04/2023 | 25/04/2023 | 475.00 | 1.00 | |
02/01/2023 | 22/01/2023 | 12/02/2023 | 356.25 | 0.75 | |
03/07/2022 | 05/07/2022 | 26/07/2022 | 356.25 | 0.75 | |
24/01/2022 | 26/01/2022 | 14/02/2022 | 356.25 | 0.75 | |
28/04/2021 | 01/07/2021 | 15/07/2021 | 356.25 | 0.75 | |
30/12/2020 | 04/01/2021 | 14/01/2021 | 237.50 | 0.50 | |
14/07/2020 | 16/07/2020 | 27/07/2020 | 237.50 | 0.50 | |
08/12/2019 | 16/12/2019 | 30/12/2019 | 427.50 | 0.90 |
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 | 4.87 | 25.30 | 19.25 % |
Last 5 Financial years | 7.52 | 25.00 | 30.08 % |
Last 10 Financial years | N/A | N/A | N/A |
Valuation Data (Latest Share Price)
P/E (TTM) | 6.85 |
P/E Before Unusual Items (TTM) | 13.38 |
P/BV | 0.64 |
Dividend Yield | 7.80 % |
Market Cap. (M) | 9,395.50 |
Return on Average Assets | 4.83 % |
Return on Average Equity | 9.67 % |
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