Electrical Industries board approves 15% cash dividend for H2 2023
Electrical Industries Co.'s (EIC) board of directors approved, on March 11, a 15% cash dividend, or 0.075 per share, for the second half of 2023.
Dividend Details |
|
Current capital |
SAR 562.5 mln |
Nominal Value |
SAR 0.50 per share |
Number of shares |
1.12 bln |
Dividend |
SAR 84.38 mln |
Percentage of capital |
15% (SAR 0.075 per share) |
Record date |
March 31, 2024 (Shareholders registered with Edaa at the end of the second trading day following the record date) |
Payment date |
April 24, 2024 |
According to data available on Argaam, shareholders of EIC approved, in October 2023, the board’s recommendation to reduce the stock par value from SAR 10 to SAR 0.5.
The company’s board approved a 15% cash dividend (SAR 1.5 per share) for H1 2023.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
12/03/2024 | 31/03/2024 | 24/04/2024 | 84.38 | 0.08 | |
29/08/2023 | 07/09/2023 | 21/09/2023 | 84.38 | 0.08 | |
17/03/2022 | 20/04/2022 | 17/05/2022 | 45.00 | 0.04 | |
17/03/2021 | 26/04/2021 | 09/05/2021 | 22.50 | 0.02 | |
21/03/2018 | 13/05/2018 | 27/05/2018 | 45.00 | 0.04 | |
14/03/2017 | 25/04/2017 | 11/05/2017 | 40.50 | 0.04 | |
19/11/2015 | 30/11/2015 | 14/12/2015 | 22.50 | 0.02 | |
21/04/2015 | 14/05/2015 | 31/05/2015 | 22.50 | 0.02 | |
30/12/2014 | 20/04/2015 | 06/05/2015 | 45.00 | 0.04 |
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 | 0.19 | 0.98 | 19.31 % |
Last 5 Financial years | 0.21 | 0.67 | 31.20 % |
Last 10 Financial years | 0.37 | 2.37 | 15.44 % |
Based on the beginning of the period (January 1 of the base year)
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Valuation Data (Latest Share Price)
P/E (TTM) | 23.85 |
P/E Before Unusual Items (TTM) | 21.99 |
P/BV | 10.07 |
Dividend Yield | 5.28 % |
Market Cap. (M) | 8,505.00 |
Return on Average Assets | 17.69 % |
Return on Average Equity | 46.57 % |
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