Bahri shareholders approve 5.5% dividend for 2023
National Shipping Company of Saudi Arabia’s (Bahri) shareholders approved the board’s recommendation to distribute a cash dividend at 5.5%, or SAR 0.55 a share, for 2023, during the ordinary general meeting (OGM) held on June 5, according to a statement to Tadwul.
2023 Dividend Details |
|
Current Capital |
SAR 7.38 bln |
Number of Shares |
738.28 mln |
Total Dividend |
SAR 406.05 mln |
Percentage of Capital |
5.5% (SAR 0.55 a share) |
Record Date |
June 4, 2024 (Shareholders of record registered with Edaa on the second trading day following the general meeting) |
Date of Payment |
July 1, 2024 |
They also endorsed the board’s proposal to allocate 2% of annual net income to be disbursed annually as of 2024 to the sustainability program and authorize the board to approve governance and strategy, the statement added.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
19/03/2024 | 04/06/2024 | 01/07/2024 | 406.05 | 0.55 | |
15/03/2023 | 19/06/2023 | 16/07/2023 | 246.09 | 0.33 | |
21/09/2021 | 05/10/2021 | 24/10/2021 | 393.75 | 0.53 | |
28/01/2021 | 26/04/2021 | 09/05/2021 | 393.75 | 0.53 | |
21/09/2020 | 05/10/2020 | 22/10/2020 | 393.75 | 0.53 | |
20/01/2020 | 20/04/2020 | 10/05/2020 | 393.75 | 0.53 | |
29/09/2019 | 13/10/2019 | 31/10/2019 | 196.88 | 0.27 | |
11/12/2018 | 14/04/2019 | 28/04/2019 | 590.63 | 0.80 | |
14/12/2017 | 17/04/2018 | 03/05/2018 | 590.63 | 0.80 | |
18/12/2016 | 16/01/2017 | 31/01/2017 | 984.38 | 1.33 |
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 | 1.42 | 21.45 | 6.60 % |
Last 5 Financial years | 3.28 | 17.74 | 18.51 % |
Last 10 Financial years | 8.62 | 15.53 | 55.50 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 10.04 |
P/E Before Unusual Items (TTM) | 11.84 |
P/BV | 1.60 |
Dividend Yield | 2.49 % |
Market Cap. (M) | 21,040.98 |
Return on Average Assets | 8.65 % |
Return on Average Equity | 17.06 % |
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