Almarai shareholders to vote on 10% dividend for 2020 on April 13
Almarai Co.’s shareholders are set to vote on a board recommendation to distribute a 10% cash dividend for 2020, at SAR 1 per share, during the extraordinary general assembly meeting that will be held on April 13, 2021, the company said in a bourse statement today, March 22, 2021.
Dividend Details (2020) |
|
Current Capital |
SAR 10 bln |
Number of shares |
1 bln |
Dividend |
SAR 1 bln |
Percentage of capital |
10% (SAR 1 per share) |
Record date |
April 13, 2021 (Shareholders registered with the Securities Depository Center at the end of the second trading day following the due date) |
Payment date |
To be determined |
Shareholders will also vote on purchasing up to 10 million shares and to allocate them within the Employee Share Participation Scheme (ESOP), which will be financed by the company’s own resources.
They will authorize the board of directors to complete the purchase in one or several tranches over a maximum period of 12 months from the date of EGM and authorize the board to determine the conditions of this program, including allocation price for each share offered to designated employees and to be kept no longer than 10 years from the date of approval.
Shareholders will e-vote on the agenda items as of April 11, 2021, through the Tadawulaty service.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
15/12/2020 | 13/04/2021 | 21/04/2021 | 1,000.00 | 1.00 | |
09/12/2019 | 05/04/2020 | 13/04/2020 | 850.00 | 0.85 | |
10/12/2018 | 07/04/2019 | 15/04/2019 | 850.00 | 0.85 | |
11/12/2017 | 09/04/2018 | 17/04/2018 | 750.00 | 0.75 | |
06/12/2016 | 26/03/2017 | 04/04/2017 | 720.00 | 0.72 | |
14/12/2015 | 03/04/2016 | 12/04/2016 | 690.00 | 0.69 | |
28/12/2014 | 05/04/2015 | 12/04/2015 | 600.00 | 0.60 | |
29/12/2013 | 02/04/2014 | 09/04/2014 | 600.00 | 0.60 | |
19/01/2013 | 02/04/2013 | 10/04/2013 | 500.00 | 0.50 | |
07/12/2011 | 02/04/2012 | 11/04/2012 | 517.50 | 0.52 |
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 | 2.85 | 48.00 | 5.94 % |
Last 5 Financial years | 4.45 | 54.79 | 8.12 % |
Last 10 Financial years | 7.56 | 22.65 | 33.38 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 23.39 |
P/E Before Unusual Items (TTM) | 23.39 |
P/BV | 2.84 |
Dividend Yield | 1.79 % |
Market Cap. (M) | 52,700.00 |
Return on Average Assets | 6.32 % |
Return on Average Equity | 12.50 % |
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