Aldrees shareholders to vote on 1-for-3 bonus issue, 10% dividend for 2023 on May 5
Aldrees Petroleum and Transport Services Co.’s shareholders are set to vote on distributing cash dividends, at SAR 1 per share or 10% of the capital for 2023, during the extraordinary general meeting (EGM) that will be held on May 5.
Shareholders also will vote on a 33.33% capital increase, through distributing one bonus share for every three shares owned, 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 May 5, 2024, and those registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following this date. |
Payment Date |
May 20, 2024 |
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 |
Shareholders of record on May 5, 2024 and those registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following this date. |
Reason |
To align the company's capital with its business size and future aspirations |
Method |
Capitalization from retained earnings |
Fraction shares will be collected in one portfolio and sold at market price within 30 days from finishing allocating the new shares to each shareholder.
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 % |
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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