Arabian Cement shareholders to vote on 10% dividend for H2 2019 on April 19
Arabian Cement Co. invited its shareholders to participate in the ordinary general assembly meeting through electronic voting on April 19, 2020, the company said in a bourse statement.
Shareholders will vote on the board’s proposal for distributing a 10% cash dividend, or SAR 1 per share, for the second half of 2019.
Dividend Details (H2 2019) |
|
Current Capital |
SAR 1 bln |
Number of shares |
100 mln |
Dividend |
SAR 100 mln |
Percentage of capital |
10% (SAR 1 per share) |
Record date |
April 19, 2020 |
Payment date |
To be determined |
Dividend of 2019 |
|
Total distributed dividends |
SAR 175 mln |
Dividends to capital |
17.5% (SAR 1.75 per share) |
The general assembly will also vote on the financial results, the board and auditor’s reports for the fiscal year (FY) ended Dec. 31, 2019.
Shareholders will vote on hiring an auditor from among nominees, discharging board members from liabilities during FY19, in addition to a board remuneration of SAR 1.8 million for the previous fiscal year.
They will also vote on authorizing the board of directors to distribute interim dividends on a quarterly or biannual basis for the year 2020.
According to data compiled by Argaam, the Capital Market Authority (CMA) issued, on March 16, circular enabling shareholders to participate and vote on general meeting agenda items through Tadawulaty system in line with the government’s efforts to prevent spread of coronavirus.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
02/03/2020 | 19/04/2020 | 07/05/2020 | 100.00 | 1.00 | |
04/08/2019 | 05/08/2019 | 29/08/2019 | 75.00 | 0.75 | |
03/03/2019 | 07/04/2019 | 25/04/2019 | 100.00 | 1.00 | |
19/02/2018 | 08/04/2018 | 26/04/2018 | 100.00 | 1.00 | |
25/09/2017 | 03/12/2017 | 19/12/2017 | 200.00 | 2.00 | |
09/08/2017 | 10/08/2017 | 27/08/2017 | 100.00 | 1.00 | |
20/02/2017 | 18/04/2017 | 04/05/2017 | 200.00 | 2.00 | |
18/07/2016 | 21/07/2016 | 25/08/2016 | 200.00 | 2.00 | |
15/02/2016 | 28/04/2016 | 12/05/2016 | 250.00 | 2.50 | |
09/07/2015 | 15/07/2015 | 20/08/2015 | 200.00 | 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 | 6.75 | 45.26 | 14.91 % |
Last 5 Financial years | 15.25 | 79.16 | 19.26 % |
Last 10 Financial years | 28.25 | 35.20 | 80.26 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 16.09 |
P/E Before Unusual Items (TTM) | 18.05 |
P/BV | 1.03 |
Dividend Yield | 4.35 % |
Market Cap. (M) | 2,600.00 |
Return on Average Assets | 5.22 % |
Return on Average Equity | 6.37 % |
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