NCB shareholders approve 12% cash dividend for H2 2019
National Commercial Bank’s (NCB) shareholders approved a 12% cash dividend for the second half of 2019, at SAR 1.2 per share, amounting to SAR 3.6 billion, during the extraordinary general meeting (EGM) held on March 31.
Shareholders also authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2020.
Dividend Details for H2 2019 |
|
Current Capital |
SAR 30 bln |
Number of shares |
3 bln |
Dividend |
SAR 3.6 bln |
Percentage of capital |
12% (SAR 1.2 per share) |
Record date |
March 31, 2020 |
Payment date |
April 9, 2020 |
Total Dividends FY 2019 |
|
Total dividends |
SAR 6.9 bln |
Percent of capital |
23% (SAR 2.3/share) |
In addition, shareholders approved the repurchase of the bank’s shares with a maximum of 3.98 million shares to be allocated to the Executive Long-Term Incentive Plan (ELTIP) .
The board of directors was delegated to complete the repurchase during a period not exceeding 12 months from the date of the approval, provided to be financed from the bank's net profits and shares repurchased are kept no longer than 5 years from the repurchase date.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
26/12/2019 | 31/03/2020 | 09/04/2020 | 3,600.00 | 0.90 | |
29/07/2019 | 01/08/2019 | 21/08/2019 | 3,300.00 | 0.82 | |
23/12/2018 | 10/04/2019 | 24/04/2019 | 3,288.35 | 0.82 | |
30/07/2018 | 02/08/2018 | 12/08/2018 | 2,989.41 | 0.74 | |
31/12/2017 | 15/05/2018 | 29/05/2018 | 1,196.88 | 0.30 | |
15/06/2017 | 18/06/2017 | 06/07/2017 | 2,196.59 | 0.55 | |
29/01/2017 | 07/05/2017 | 14/05/2017 | 1,996.90 | 0.50 | |
27/07/2016 | 02/08/2016 | 17/08/2016 | 1,200.00 | 0.30 | |
24/12/2015 | 05/04/2016 | 20/04/2016 | 1,496.00 | 0.37 | |
09/07/2015 | 13/07/2015 | 30/07/2015 | 1,596.00 | 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 | 3.88 | 27.34 | 14.17 % |
Last 5 Financial years | 5.51 | 25.63 | 21.49 % |
Last 10 Financial years | N/A | N/A | N/A |
Valuation Data (Latest Share Price)
P/E (TTM) | 9.32 |
P/E Before Unusual Items (TTM) | 9.32 |
P/BV | 1.14 |
Dividend Yield | 4.53 % |
Market Cap. (M) | 192,000.00 |
Return on Average Assets | 1.91 % |
Return on Average Equity | 12.83 % |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}