Saudi Arabian Oil Co. (Saudi Aramco) announced the payment of cash dividends at SAR 110.18 billion ($29.38 billion) for Q2 2023, including base and performance-linked dividends, according to a Tadawul statement.
|
Dividend Details (Q2 2023) |
|
|
Current Capital* |
SAR 90 bln |
|
Number of Shares** |
242 bln |
|
Total Dividend |
SAR 110.18 bln |
|
Dividend per Share |
SAR 0.45 a share |
|
Base Dividend |
SAR 73.16 billion (SAR 0.3024 per share) |
|
Performance-linked Dividend |
SAR 37.02 billion (SAR 0.1524 per share) |
|
Record Date |
Sept. 10, 2023 (Shareholders of record at the end of the second trading day following the record date) |
|
Payment Date |
Sept. 27, 2023 |
|
Dividend Details H1 2023 |
|
|
Total Dividend |
SAR 183.3 bln |
|
Dividend per Share |
SAR 0.76 a share |
*Shares have no nominal value
** Number of shares entitled for distribution are 241.94 bln
The oil giant said this was the first performance-linked dividends based on the combined full-year results of 2022 and H1 2023.
In a separate statement, Aramco said the subsequent distributions are expected to be adjusted to reflect the remaining results for 2023.
The relevant details, including dividend amounts, eligibility, and distribution dates of any future performance-linked dividends will be announced when declared at the board’s sole discretion, after considering the company’s financial position and ability to fund commitments including growth capital plans, and in accordance with the company’s dividend distribution policy.
As for the full-year results of 2024 and onwards, the company intends to target any performance-linked dividends at 50-70% of the Saudi Aramco's annual free cash flow, net of the base dividend and other amounts including external investments, to be determined and announced with the full-year results of each year and distributed over the subsequent four quarters.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 07/08/2023 | 10/09/2023 | 27/09/2023 | 110,180.00 | 0.46 | |
| 09/05/2023 | 16/05/2023 | 31/05/2023 | 73,160.00 | 0.30 | |
| 12/03/2023 | 14/03/2023 | 20/03/2023 | 73,150.00 | 0.30 | |
| 01/11/2022 | 08/11/2022 | 28/11/2022 | 70,330.00 | 0.29 | |
| 14/08/2022 | 21/08/2022 | 07/09/2022 | 70,330.00 | 0.29 | |
| 15/05/2022 | 23/05/2022 | 08/06/2022 | 70,330.00 | 0.29 | |
| 20/03/2022 | 22/03/2022 | 31/03/2022 | 70,330.00 | 0.29 | |
| 31/10/2021 | 04/11/2021 | 22/11/2021 | 70,328.07 | 0.29 | |
| 08/08/2021 | 15/08/2021 | 01/09/2021 | 70,327.08 | 0.29 | |
| 04/05/2021 | 10/05/2021 | 02/06/2021 | 70,325.33 | 0.29 |
| 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 | 4.03 | 28.81 | 13.99 % |
| Last 5 Financial years | 6.33 | 29.10 | 21.74 % |
| Last 10 Financial years | N/A | N/A | N/A |
| P/E (TTM) | 15.37 |
| P/E Before Unusual Items (TTM) | 15.28 |
| P/BV | 4.42 |
| Dividend Yield | 5.13 % |
| Market Cap. (M) | 6,739,700.00 |
| Return on Average Assets | 17.68 % |
| Return on Average Equity | 29.09 % |
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