Saudi Paper board proposes 10% bonus issue, 5% dividend for Q3 2023
Saudi Paper Manufacturing Co.’s (Saudi Paper) board of directors recommended today, Nov. 29, a 5% cash dividend (SAR 0.5 per share) for Q3 2023.
The board also proposed a 10% capital hike via bonus shares, the company said in a Tadawul statement.
Dividend Details (Q3 2023) |
|
Current Capital |
SAR 337.0 mln |
Number of Shares |
33.70 mln |
Total Dividend |
SAR 16.85 mln |
Percentage of Capital |
5% (SAR 0.5 a share) |
Record Date |
Shareholders of record and those registered with the Securities Depository Center (Edaa) on the second trading day following the general assembly’s meeting date |
Payment Date |
Later |
Capital Increase Highlights |
|
Current Capital |
SAR 337.0 mln |
Number of Shares |
33.70 mln |
Percentage Increase |
10% (1 bonus share per each 10 shares held) |
New Capital After Increase |
SAR 370.70 mln |
New Number of Shares |
37.07 mln |
Eligibility |
Shareholders of record and those registered with Edaa by the close of the second trading day following the record date, to be announced later |
Reason |
Part of the company’s goals for strengthening its capital base, future growth, and shareholder returns |
Method |
Capitalizing SAR 33.7 mln from retained earnings |
Fractional shares, if any, will be collected into a single portfolio to be sold at market price within 30 days maximum, on a pro-rata basis, from the date of determining the allocation of new shares for each shareholder.
The bonus issue is subject to the approval of competent authorities as well as the company’s extraordinary general assembly (EGM), Saudi Paper added.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
29/11/2023 | 25/04/2024 | 09/05/2024 | 16.85 | 0.45 | |
23/12/2012 | 26/03/2013 | 13/04/2013 | 56.25 | 1.93 | |
20/12/2011 | 02/04/2012 | 16/04/2012 | 52.50 | 1.81 | |
15/12/2010 | 26/03/2011 | 10/04/2011 | 45.00 | 1.55 | |
23/02/2010 | 06/04/2010 | 01/05/2010 | 37.50 | 1.29 | |
27/12/2008 | 02/04/2009 | 20/04/2009 | 30.00 | 1.03 | |
01/03/2008 | 12/04/2008 | 23/04/2008 | 18.00 | 0.62 | |
26/02/2007 | 21/04/2007 | 10/05/2007 | 12.00 | 0.41 |
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 | 0.45 | 37.30 | 1.22 % |
Last 5 Financial years | 0.45 | 11.64 | 3.91 % |
Last 10 Financial years | 0.45 | 42.84 | 1.06 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 23.60 |
P/E Before Unusual Items (TTM) | 22.63 |
P/BV | 4.78 |
Dividend Yield | 1.13 % |
Market Cap. (M) | 2,446.62 |
Return on Average Assets | 9.08 % |
Return on Average Equity | 21.49 % |
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