MEPCO board plans 5% cash dividend for H2 2022
Middle East Paper Co.’s (MEPCO) board of directors recommended on May 22 the payment of a cash dividend at 5% of capital, or SAR 0.5 a share, for H2 2022, according to a filing to Tadawul.
Cash Dividend Details (H2 2022) |
|
Current Capital |
SAR 666.67 mln |
Number of Shares |
66.67 mln |
Total Dividend |
SAR 33.33 mln |
Percentage of Capital |
5% (SAR 0.5 a share) |
Record Date |
Shareholders of record by the close of the second trading day following the annual general meeting date that will be determined later |
Payment Date |
To be determined |
MEPCO distributed a SAR 0.5 per share cash dividend for H1 2022, according to data compiled by Argaam.
In November 2022, the company’s general assembly approved a 33.3% capital hike via bonus shares.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
23/05/2023 | 22/06/2023 | 11/07/2023 | 33.33 | 0.50 | |
09/10/2022 | 13/10/2022 | 25/10/2022 | 25.00 | 0.37 | |
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 | 14.15 | 11.49 % |
Last 5 Financial years | 1.62 | 14.93 | 10.89 % |
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 | 1.96 |
Dividend Yield | - |
Market Cap. (M) | 3,232.79 |
Return on Average Assets | (3.01 %) |
Return on Average Equity | (4.96 %) |
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