Baazeem EGM approves 11% cash dividend for H2 2023
Baazeem Trading Co.’s shareholders approved the board of directors’ recommendation to pay a cash dividend of SAR 1.10 per share, or 11% of capital, for the second half of 2023.
The decision was made during the extraordinary general meeting (EGM) held on June 6, according to a Tadawul statement.
Shareholders also approved other items, including amending Article 3 of the company's Bylaws and related party transactions.
In addition, they delegated the board of directors to distribute interim cash dividends for 2024 on a semi-annual or quarterly basis.
Dividend Details (H2 2023) |
|
Current Capital |
SAR 101.25 mln |
Number of Shares |
10.13 mln |
Dividend |
SAR 11.14 mln |
Percentage of Capital |
11% (SAR 1.10 per share) |
Record Date |
June 6, 2024 (Shareholders registered with Edaa by the close of the second trading day following the record date) |
Payment Date |
June 25, 2024 |
Full-Year Dividends (2023) |
|
Total Dividend |
SAR 18.2 mln |
Percentage of Capital |
18% (SAR 1.8 a share) |
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
18/03/2024 | 06/06/2024 | 25/06/2024 | 11.14 | 0.11 | |
10/08/2023 | 23/08/2023 | 06/09/2023 | 7.09 | 0.07 | |
16/03/2023 | 02/05/2023 | 17/05/2023 | 11.14 | 0.11 | |
09/08/2022 | 16/08/2022 | 04/09/2022 | 7.09 | 0.07 | |
13/03/2022 | 09/05/2022 | 23/05/2022 | 17.72 | 0.18 | |
04/03/2021 | 22/04/2021 | 07/05/2021 | 17.72 | 0.18 | |
15/03/2020 | 16/04/2020 | 30/04/2020 | 16.20 | 0.16 | |
14/03/2019 | 18/04/2019 | 28/04/2019 | 15.18 | 0.15 | |
05/03/2018 | 02/05/2018 | 21/05/2018 | 17.21 | 0.17 | |
14/03/2017 | 22/05/2017 | 04/06/2017 | 17.21 | 0.17 |
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 | 0.54 | 8.65 | 6.18 % |
Last 5 Financial years | 0.87 | 2.90 | 30.00 % |
Last 10 Financial years | N/A | N/A | N/A |
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Valuation Data (Latest Share Price)
P/E (TTM) | 30.99 |
P/E Before Unusual Items (TTM) | 30.99 |
P/BV | 3.55 |
Dividend Yield | 2.77 % |
Market Cap. (M) | 688.50 |
Return on Average Assets | 9.09 % |
Return on Average Equity | 11.58 % |
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