Bupa Arabia shareholders approve 36% dividend for 2022, buyback of 195,000 shares
Bupa Arabia for Cooperative Insurance Co.’s shareholders approved the payment of a cash dividend at 36% of capital, or SAR 3.6 a share, for 2022, during the ordinary general meeting (OGM) held on June 1, according to a statement to Tadawul.
Cash Dividends Details |
|
Current Capital |
SAR 1.5 bln |
No. of Shares |
150 mln |
Total Dividend |
SAR 540 mln |
Percentage of Capital |
36% (SAR 3.6 a share) |
Record Date |
June 22, 2023 (Shareholders of record registered with the Securities Depository Center Company (Edaa) at the end of the second trading day following the record date) |
Payment Date |
July 17, 2023 |
Shareholders also approved the repurchase of up to 195,000 shares to allocate for the long-term employee stock incentive plan (LTIP).
The repurchase will be financed from the company’s own resources. The board of directors will also be authorized to complete the repurchase within a maximum period of 12 months from the EGM date.
The company will retain the repurchased shares for a maximum of 10 years from the EGM approval date.
After this period, the company will follow the procedures and controls stipulated in the relevant laws and regulations.
Shareholders also authorized the board of directors to distribute interim dividends quarterly or semi-annually for 2023.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
03/05/2023 | 22/06/2023 | 17/07/2023 | 540.00 | 3.60 | |
06/06/2022 | 30/06/2022 | 20/07/2022 | 540.00 | 3.60 | |
25/04/2021 | 24/06/2021 | 08/07/2021 | 408.00 | 2.72 | |
30/04/2019 | 30/06/2019 | 14/07/2019 | 180.00 | 1.20 | |
17/04/2018 | 31/05/2018 | 11/06/2018 | 160.00 | 1.07 | |
13/03/2017 | 08/05/2017 | 21/05/2017 | 120.00 | 0.80 | |
25/04/2016 | 01/06/2016 | 27/06/2016 | 160.00 | 1.07 | |
23/04/2014 | 05/06/2014 | 25/06/2014 | 20.00 | 0.13 | |
02/03/2013 | 10/04/2013 | 07/05/2013 | 40.00 | 0.27 |
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 | 11.20 | 96.18 | 11.64 % |
Last 5 Financial years | 13.92 | 64.74 | 21.50 % |
Last 10 Financial years | 18.05 | 11.42 | 158.10 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 22.23 |
P/E Before Unusual Items (TTM) | 22.23 |
P/BV | 5.23 |
Dividend Yield | 1.87 % |
Market Cap. (M) | 27,240.00 |
Return on Average Assets | 8.38 % |
Return on Average Equity | 25.30 % |
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