Southern Cement OKs 6.5% cash dividend for H2 2023
Southern Province Cement Co.’s shareholders approved the board’s recommendation to distribute cash dividends at 6.5% of capital, or SAR 0.65 a share, for H2 2023, during the ordinary general meeting (OGM), held on May 20, the company said in a statement to Tadawul.
Shareholders further approved authorizing the board of directors to distribute interim dividends on a semi-annual basis for 2024, the statement added.
Cash Dividends (H2 2023) |
|
Current Capital |
SAR 1.4 bln |
Number of Shares |
140 mln |
Total Dividends |
SAR 91 mln |
Percentage of Capital |
6.5% (SAR 0.65 a share) |
Record Date |
May 20, 2024 shareholders of record and those registered with Edaa for the second trading day following the record date |
Payment Date |
May 29, 2024 |
Total Dividends for 2023 |
|
Total Dividends |
SAR 140 mln |
Percentage of Capital |
10% (SAR 1 a share) |
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
14/03/2024 | 20/05/2024 | 29/05/2024 | 91.00 | 0.65 | |
31/08/2023 | 03/09/2023 | 17/09/2023 | 49.00 | 0.35 | |
28/03/2023 | 30/05/2023 | 11/06/2023 | 70.00 | 0.50 | |
08/09/2022 | 14/09/2022 | 26/09/2022 | 105.00 | 0.75 | |
03/03/2022 | 12/04/2022 | 24/04/2022 | 175.00 | 1.25 | |
29/07/2021 | 10/08/2021 | 22/08/2021 | 175.00 | 1.25 | |
03/03/2021 | 11/04/2021 | 25/04/2021 | 350.00 | 2.50 | |
23/07/2020 | 09/08/2020 | 23/08/2020 | 315.00 | 2.25 | |
05/03/2020 | 05/04/2020 | 19/04/2020 | 315.00 | 2.25 | |
05/08/2019 | 30/09/2019 | 06/10/2019 | 175.00 | 1.25 |
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 | 4.75 | 83.70 | 5.68 % |
Last 5 Financial years | 13.00 | 37.15 | 34.99 % |
Last 10 Financial years | 32.25 | 110.50 | 29.19 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 21.16 |
P/E Before Unusual Items (TTM) | 22.93 |
P/BV | 1.42 |
Dividend Yield | 2.35 % |
Market Cap. (M) | 4,641.00 |
Return on Average Assets | 5.39 % |
Return on Average Equity | 6.77 % |
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