Saudi Steel Pipe board recommends 7.4% cash dividend for 2023
Saudi Steel Pipe Co.'s board of directors recommended today, May 23, distributing cash dividends at SAR 0.74 per share, or 7.4% of capital, for 2023, the company said in a statement to Tadawul.
Dividend Details (2023) |
|
Capital |
SAR 510 mln |
Number of Shares |
51 mln |
Total Dividends |
SAR 37.5 mln |
Percentage of Capital |
7.4% (SAR 0.74 per share) |
Record Date |
Shareholders of record and those registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the general assembly’s date, to be determined later |
Payment Date |
To be announced later |
This will be the company's first dividend distribution since the last dividend payout for H1 2015, when the company distributed cash dividend at SAR 0.50 per share, or 5% of capital, totaling SAR 25.5 million, Argaam’s data showed.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
23/05/2024 | 24/06/2024 | 07/07/2024 | 37.50 | 0.74 | |
07/07/2015 | 09/07/2015 | 30/07/2015 | 25.50 | 0.50 | |
24/02/2015 | 01/04/2015 | 21/04/2015 | 25.50 | 0.50 | |
16/07/2013 | 17/07/2013 | 01/08/2013 | 38.25 | 0.75 | |
18/02/2013 | 03/04/2013 | 18/04/2013 | 38.25 | 0.75 | |
20/02/2012 | 19/03/2012 | 04/04/2012 | 38.25 | 0.75 | |
26/09/2011 | 28/09/2011 | 22/10/2011 | 38.25 | 0.75 | |
13/12/2010 | 07/03/2011 | 21/03/2011 | 51.00 | 1.00 | |
23/08/2010 | 25/08/2010 | 06/09/2010 | 25.50 | 0.50 | |
15/12/2009 | 15/03/2010 | 30/03/2010 | 102.00 | 2.00 |
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 | 0.74 | 27.00 | 2.72 % |
Last 5 Financial years | 0.74 | 17.92 | 4.10 % |
Last 10 Financial years | 1.74 | 35.90 | 4.83 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 16.09 |
P/E Before Unusual Items (TTM) | 16.09 |
P/BV | 4.11 |
Dividend Yield | 2.03 % |
Market Cap. (M) | 3,462.90 |
Return on Average Assets | 11.10 % |
Return on Average Equity | 28.55 % |
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