Najran Cement shareholders approve 2.5% dividend for H2 2022
Shareholders of Najran Cement Co. approved the board's recommendation on a 2.5% cash dividend, or SAR 0.25 per share, for the second half of 2022 during the ordinary general meeting (OGM) held on April 11.
Dividend Details (H2 2022) |
|
Current Capital |
SAR 1.7 bln |
Number of Shares |
170 mln |
Total Dividend |
SAR 42.5 mln |
Percentage of Capital |
2.5% (SAR 0.25 a share) |
Record Date |
April 11, 2022 (Shareholders registered with the Securities Depository Center Company (Edaa) by the close of the second trading day following the record date) |
Payment Date |
To be determined later |
|
|
Total Dividend (2022) |
|
Total Dividend |
SAR 85 mln |
Percentage of Capital |
5% (SAR 0.5 a share) |
In a statement to Tadawul, the cement producer said shareholders also authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2023.
The board was also delegated to determine the record and payment dates in accordance with the regulatory rules and procedures issued pursuant to the Companies Law, in line with the company's financial position, cash flows, expansion and investment plans.
The company’s contracts and transactions with related parties in 2022 were also approved.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
12/03/2023 | 11/04/2023 | 04/05/2023 | 42.50 | 0.25 | |
02/10/2022 | 06/10/2022 | 19/10/2022 | 42.50 | 0.25 | |
16/03/2022 | 13/04/2022 | 24/04/2022 | 42.50 | 0.25 | |
22/09/2021 | 03/10/2021 | 17/10/2021 | 127.50 | 0.75 | |
28/02/2021 | 31/03/2021 | 13/04/2021 | 127.50 | 0.75 | |
24/09/2020 | 01/10/2020 | 15/10/2020 | 127.50 | 0.75 | |
11/05/2016 | 19/05/2016 | 09/06/2016 | 102.00 | 0.60 | |
29/12/2015 | 29/03/2016 | 21/04/2016 | 85.00 | 0.50 | |
10/08/2015 | 20/08/2015 | 10/09/2015 | 85.00 | 0.50 | |
11/12/2014 | 30/03/2015 | 30/04/2015 | 102.00 | 0.60 |
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 | 1.50 | 17.86 | 8.40 % |
Last 5 Financial years | 3.00 | 8.40 | 35.71 % |
Last 10 Financial years | 5.20 | 24.05 | 21.62 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 21.07 |
P/E Before Unusual Items (TTM) | 21.07 |
P/BV | 0.71 |
Dividend Yield | - |
Market Cap. (M) | 1,441.60 |
Return on Average Assets | 2.76 % |
Return on Average Equity | 3.41 % |
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