Bupa Arabia shareholders approve 40% cash dividend for 2023
Shareholders of Bupa Arabia for Cooperative Insurance Co. gave the go-ahead for the distribution of a cash dividend at 40% of capital, or SAR 4 a share, for 2023.
The approval was made during the extraordinary general meeting (EGM) held on June 30, according to a filing to Tadawul.
Cash Dividends Details |
|
Current Capital |
SAR 1.5 bln |
Number of Shares |
150 mln |
Total Dividend |
SAR 600 mln |
Payout Ratio |
40% (SAR 4 a share) |
Record Date |
June 30, 2024 (Shareholders of record registered with Edaa at the end of the second trading day following the record date) |
Payment Date |
Later |
Shareholders also authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2024.
In addition, they approved the buyback of 860,000 shares maximum to allocate to the employee share program. The share repurchase will be financed from the company’s cash balance, while the board was authorized to finalize the share buyback within 12 months maximum from the general meeting date.
The repurchased shares will be retained for 10 years maximum from the general meeting date, and the company will follow the applicable regulations in this regard after the expiry of this period.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
28/05/2024 | 30/06/2024 | 17/07/2024 | 600.00 | 4.00 | |
03/05/2023 | 22/06/2023 | 17/07/2023 | 540.00 | 3.60 | |
06/06/2022 | 30/06/2022 | 20/07/2022 | 540.00 | 3.60 | |
25/04/2021 | 24/06/2021 | 08/07/2021 | 408.00 | 2.72 | |
30/04/2019 | 30/06/2019 | 14/07/2019 | 180.00 | 1.20 | |
17/04/2018 | 31/05/2018 | 11/06/2018 | 160.00 | 1.07 | |
13/03/2017 | 08/05/2017 | 21/05/2017 | 120.00 | 0.80 | |
25/04/2016 | 01/06/2016 | 27/06/2016 | 160.00 | 1.07 | |
23/04/2014 | 05/06/2014 | 25/06/2014 | 20.00 | 0.13 | |
02/03/2013 | 10/04/2013 | 07/05/2013 | 40.00 | 0.27 |
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 | 11.20 | 96.18 | 11.64 % |
Last 5 Financial years | 13.92 | 64.74 | 21.50 % |
Last 10 Financial years | 18.05 | 11.42 | 158.10 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 22.43 |
P/E Before Unusual Items (TTM) | 22.43 |
P/BV | 5.27 |
Dividend Yield | 1.87 % |
Market Cap. (M) | 27,480.00 |
Return on Average Assets | 8.38 % |
Return on Average Equity | 25.30 % |
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