SADAFCO shareholders approve 60% dividend for Q3 2023
Shareholders of Saudia Dairy and Foodstuff Co. (SADAFCO) approved the board’s recommendation to pay a cash dividend at 60% of capital, or SAR 6 a share, for the third quarter of its short nine-month fiscal year (FY) ended Dec. 31, 2023.
This came during the company’s ordinary general meeting (OGM), held on May 13, according to a statement to Tadawul
Cash Dividend Details (Q3 2023) |
|
Current Capital |
SAR 325 mln |
No. of Shares* |
32.50 mln |
Total Dividend |
SAR 192 mln |
Percentage of Capital |
60% (SAR 6 a share) |
Record Date |
May 13, 2024 for shareholders registered with Edaa on the second trading day following the record date. |
Date of Payment |
May 28, 2024 |
*No. of dividend-eligible shares is 32 mln
Total Dividend (Short FY 2023) |
|
Total Dividend |
SAR 384 mln |
Percentage of Capital |
120% (SAR 12 a share) |
Shareholders also authorized the board of directors to pay an interim dividend on a semi-annual or quarterly basis for the year ending Dec. 31, 2024.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
27/03/2024 | 13/05/2024 | 28/05/2024 | 192.00 | 6.00 | |
27/02/2024 | 29/02/2024 | 19/03/2024 | 192.00 | 6.00 | |
19/06/2023 | 22/08/2023 | 10/09/2023 | 96.00 | 3.00 | |
03/01/2023 | 05/01/2023 | 23/01/2023 | 96.00 | 3.00 | |
25/05/2022 | 28/06/2022 | 19/07/2022 | 96.00 | 3.00 | |
04/01/2022 | 06/01/2022 | 25/01/2022 | 96.00 | 3.00 | |
13/06/2021 | 12/07/2021 | 05/08/2021 | 96.00 | 3.00 | |
05/01/2021 | 06/01/2021 | 25/01/2021 | 96.00 | 3.00 | |
06/05/2020 | 16/06/2020 | 05/07/2020 | 81.25 | 2.50 | |
02/12/2019 | 04/12/2019 | 22/12/2019 | 81.25 | 2.50 |
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 | 24.00 | 173.20 | 13.86 % |
Last 5 Financial years | 35.00 | 101.60 | 34.45 % |
Last 10 Financial years | 54.50 | 86.50 | 63.01 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 22.57 |
P/E Before Unusual Items (TTM) | 22.77 |
P/BV | 6.51 |
Dividend Yield | 3.53 % |
Market Cap. (M) | 11,186.50 |
Return on Average Assets | 18.73 % |
Return on Average Equity | 28.16 % |
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