Aldrees recommends 1-for-3 bonus issue, 10% cash dividend for 2023
Aldrees Petroleum and Transport Services Co.’s board of directors recommended on Jan. 25 distributing cash dividends of SAR 1 per share, or 10% of the capital, for 2023.
The board also recommended a 33.33% capital increase, through distributing one bonus share for every three owned shares, according to a statement to Tadawul.
Cash Dividend (2023) |
|
Capital |
SAR 750 mln |
Number of Shares |
75 mln |
Total Dividend |
SAR 75 mln |
Percentage of Capital |
10% (SAR 1 per share) |
Record Date |
Shareholders of record On the general meeting date and those registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the general meeting date, which will be set later. |
Payment Date |
Will be announced later |
Bonus Issue Details |
|
Current Capital |
SAR 750 mln |
Number of Shares |
75 mln |
Percentage of Increase |
33.33% (A 1-for-3 bonus share distribution) |
New Capital |
SAR 1 bln |
New Number of Shares |
100 mln |
Record Date |
At the end of the general meeting date which will be determined later, and those registered with Edaa at the end of the second trading day following the general meeting date. |
Reason |
To align the company's capital with its business size and future aspirations |
Method |
Capitalization from retained earnings |
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
28/01/2024 | 05/05/2024 | 20/05/2024 | 75.00 | 0.75 | |
22/01/2023 | 01/05/2023 | 15/05/2023 | 150.00 | 1.50 | |
18/01/2022 | 28/02/2022 | 14/03/2022 | 112.50 | 1.13 | |
19/01/2021 | 14/04/2021 | 28/04/2021 | 60.00 | 0.60 | |
31/03/2020 | 28/04/2020 | 12/05/2020 | 90.00 | 0.90 | |
17/01/2019 | 18/03/2019 | 02/04/2019 | 50.00 | 0.50 | |
18/01/2018 | 05/03/2018 | 19/03/2018 | 50.00 | 0.50 | |
17/01/2017 | 12/03/2017 | 22/03/2017 | 40.00 | 0.40 | |
18/01/2016 | 02/03/2016 | 28/03/2016 | 80.00 | 0.80 | |
18/01/2015 | 08/03/2015 | 07/04/2015 | 80.00 | 0.80 |
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 | 3.38 | 38.60 | 8.74 % |
Last 5 Financial years | 4.88 | 18.71 | 26.06 % |
Last 10 Financial years | 7.88 | 13.39 | 58.83 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 40.76 |
P/E Before Unusual Items (TTM) | 41.24 |
P/BV | 9.29 |
Dividend Yield | 0.56 % |
Market Cap. (M) | 12,920.00 |
Return on Average Assets | 4.12 % |
Return on Average Equity | 24.78 % |
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