stc to distribute 4% cash dividend for Q3 2023

30/10/2023 Argaam Exclusive

Saudi telecom major stc declared a 4% cash dividend, or SAR 0.40 per share, for the third quarter of 2023, according to a Tadawul statement.

 

Dividend Details (Q3 2023)

Current capital

SAR 50 bln

Number of shares*

5 bln

Dividend

SAR 1.99 bln

Percentage of capital

4% (SAR 0.40 per share)

Record date

Nov. 5, 2023 (Shareholders registered with Edaa by the close of the second trading day following the record date)

Payment date

Nov. 23, 2023

*A total of 4.98 bln shares are dividend eligible

 

Dividend Details (9M 2023)

Dividend

SAR 5.98 bln

Percentage of capital

12% (SAR 1.20 per share)
 

The total number of treasury shares ineligible for dividend, being related to the employee stock incentives plan, stood at 15.49 million by the end of the third quarter of 2023, the statement added.

 

The distribution came in line with the three-year dividend policy adopted by stc since Q4 2021, which was approved by the ordinary general meeting (OGM) held on Nov. 30, 2021. The policy was amended on Aug. 30, 2022, to stand at SAR 0.40 per share on a quarterly basis.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
30/10/2023 05/11/2023 23/11/2023 1,993.80 0.40
30/07/2023 03/08/2023 23/08/2023 1,993.79 0.40
10/05/2023 18/05/2023 07/06/2023 1,992.87 0.40
20/02/2023 26/02/2023 16/03/2023 1,992.87 0.40
27/10/2022 02/11/2022 22/11/2022 1,996.15 0.40
03/08/2022 07/08/2022 25/08/2022 1,997.50 0.40
28/04/2022 11/05/2022 31/05/2022 1,997.10 0.40
21/02/2022 27/02/2022 17/03/2022 1,997.10 0.40
21/10/2021 28/10/2021 18/11/2021 1,997.00 0.40
02/08/2021 05/08/2021 26/08/2021 2,000.00 0.40
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 5.80 42.40 13.67 %
Last 5 Financial years 9.40 36.60 25.67 %
Last 10 Financial years 18.00 22.20 81.06 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends


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Saudi Telecom Co.
39.70
(0.15) (0.38 %)

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Valuation Data (Latest Share Price)

P/E (TTM) 14.70
P/E Before Unusual Items (TTM) 16.39
P/BV 2.50
Dividend Yield 6.42 %
Market Cap. (M) 198,500.00
Return on Average Assets 8.50 %
Return on Average Equity 17.08 %

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