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Dividend History
Southern Cement shareholders approve 5% cash dividend for H2 2022
Southern Province Cement Co.’s shareholders approved the board’s recommendation to pay a 5% cash dividend, or SAR 0.50 a share, for H2 2022, during the ordinary general meeting (OGM) held yesterday, May 30, according to a statement to Tadawul.
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Dividend Details (H2 2022) |
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Current Capital |
SAR 1.4 bln |
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Number of Shares |
140 mln |
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Total Dividend |
SAR 70 mln |
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Percentage of Capital |
5% (SAR 0.50 a share) |
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Record Date |
May 30, 2023 (Shareholders of record with Edaa on the second trading day following the record date) |
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Payment Date |
June 11, 2023 |
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Total Dividend (2022) |
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Total Dividend |
SAR 175 mln |
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Percentage of Capital |
12.5% (SAR 1.25 a share) |
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Shareholders also authorized the board to pay an interim dividend for 2023 on a semiannual basis, the statement added.
They also nodded to concluding an Islamic credit facility contract with a local bank at SAR 1.4 billion, with a tenor of more than three years. This is to finance the construction of a production line with a capacity of 5,000 tons/day and the infrastructure of another production line, with the same capacity, at the Jazan cement plant.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 28/03/2023 | 30/05/2023 | 11/06/2023 | 70.00 | 0.50 | |
| 08/09/2022 | 14/09/2022 | 26/09/2022 | 105.00 | 0.75 | |
| 03/03/2022 | 12/04/2022 | 24/04/2022 | 175.00 | 1.25 | |
| 29/07/2021 | 10/08/2021 | 22/08/2021 | 175.00 | 1.25 | |
| 03/03/2021 | 11/04/2021 | 25/04/2021 | 350.00 | 2.50 | |
| 23/07/2020 | 09/08/2020 | 23/08/2020 | 315.00 | 2.25 | |
| 05/03/2020 | 05/04/2020 | 19/04/2020 | 315.00 | 2.25 | |
| 05/08/2019 | 30/09/2019 | 06/10/2019 | 175.00 | 1.25 | |
| 07/03/2019 | 18/04/2019 | 01/05/2019 | 140.00 | 1.00 | |
| 08/08/2018 | 30/09/2018 | 14/10/2018 | 140.00 | 1.00 |
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 | 8.50 | 64.50 | 13.18 % |
| Last 5 Financial years | 14.00 | 48.38 | 28.94 % |
| Last 10 Financial years | 38.25 | 100.00 | 38.25 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 21.16 |
| P/E Before Unusual Items (TTM) | 22.93 |
| P/BV | 1.42 |
| Dividend Yield | 2.35 % |
| Market Cap. (M) | 4,641.00 |
| Return on Average Assets | 5.39 % |
| Return on Average Equity | 6.77 % |
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