stc to pay 4% cash dividend for Q2 2024
Tadawul-listed telecom giant stc will pay a cash dividend at 4% of capital, or SAR 0.4 a share, for Q2 2024, as follows:
Cash Dividend (Q2 2024) |
|
Current Capital |
SAR 50 bln |
Number of Shares* |
5 bln |
Total Dividends |
SAR 1.99 bln |
Percentage of Capital |
4% (SAR 0.4 a share) |
Record Date |
July 28, 2024 (Shareholders of record and those registered with Edaa on the second trading day following the record date) |
Payment Date |
Aug. 15, 2024 |
Cash Dividend (H1 2024) |
|
Total Dividends |
SAR 3.988 bln |
Percentage of Capital |
8% (SAR 0.8 a share) |
In a statement to Tadawul today, July 23, the telecom operator said 13.08 million shares, so far, are not eligible for dividends as they are treasury shares allocated for the employee incentive program.
The decision is in line with stc’s three-year dividend payment policy, which started in Q4 2021 and was approved during the ordinary general meeting (OGM) held on Nov. 30, 2021. The amended policy was approved during the extraordinary general meeting (EGM) held on Aug. 30, 2022, on the payment of dividends at SAR 0.40 a share on a quarterly basis.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
23/07/2024 | 28/07/2024 | 15/08/2024 | 1,994.76 | 0.40 | |
08/05/2024 | 21/05/2024 | 10/06/2024 | 1,993.80 | 0.40 | |
19/02/2024 | 25/02/2024 | 14/03/2024 | 1,993.80 | 0.40 | |
19/02/2024 | 25/04/2024 | 15/05/2024 | 4,984.50 | 1.00 | |
30/10/2023 | 05/11/2023 | 23/11/2023 | 1,993.80 | 0.40 | |
30/07/2023 | 03/08/2023 | 23/08/2023 | 1,993.79 | 0.40 | |
10/05/2023 | 18/05/2023 | 07/06/2023 | 1,992.87 | 0.40 | |
20/02/2023 | 26/02/2023 | 16/03/2023 | 1,992.87 | 0.40 | |
27/10/2022 | 02/11/2022 | 22/11/2022 | 1,996.15 | 0.40 | |
03/08/2022 | 07/08/2022 | 25/08/2022 | 1,997.50 | 0.40 |
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 | 5.80 | 42.40 | 13.67 % |
Last 5 Financial years | 9.40 | 36.60 | 25.67 % |
Last 10 Financial years | 18.00 | 22.20 | 81.06 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 14.70 |
P/E Before Unusual Items (TTM) | 16.39 |
P/BV | 2.50 |
Dividend Yield | 6.42 % |
Market Cap. (M) | 198,500.00 |
Return on Average Assets | 8.50 % |
Return on Average Equity | 17.08 % |
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