Najran Cement shareholders approve 2.5% cash dividend for H2 2021
Shareholders of Najran Cement Co. approved the board’s recommendation to pay a cash dividend at 2.5% of the stock nominal value, or SAR 0.25 a share, for H2 2021, during the ordinary general meeting (OGM), held on April 13, according to a bourse filing.
Dividend Details (H2 2021) |
|
Current Capital |
SAR 1.7 bln |
Number of Shares |
170 mln |
Total Dividend |
SAR 42.5 mln |
Percentage of Capital |
2.5% (SAR 0.25 a share) |
Record Date |
April 13, 2022 (Shareholders of record on the second day following the record date) |
Payment Date |
To be determined later |
|
|
Dividend Details (2021) |
|
Total Dividend |
SAR 170 mln |
Percentage of Capital |
10% (SAR 1 a share) |
Shareholders also approved authorizing the board of directors to pay interim dividends for 2022 on a semi-annual or quarterly basis, in line with the company’s cash flows, financial position and expansions, and in the light of the Companies Law.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
16/03/2022 | 13/04/2022 | 24/04/2022 | 42.50 | 0.25 | |
22/09/2021 | 03/10/2021 | 17/10/2021 | 127.50 | 0.75 | |
28/02/2021 | 31/03/2021 | 13/04/2021 | 127.50 | 0.75 | |
24/09/2020 | 01/10/2020 | 15/10/2020 | 127.50 | 0.75 | |
11/05/2016 | 19/05/2016 | 09/06/2016 | 102.00 | 0.60 | |
29/12/2015 | 29/03/2016 | 21/04/2016 | 85.00 | 0.50 | |
10/08/2015 | 20/08/2015 | 10/09/2015 | 85.00 | 0.50 | |
11/12/2014 | 30/03/2015 | 30/04/2015 | 102.00 | 0.60 | |
21/07/2013 | 22/07/2013 | 01/08/2013 | 102.00 | 0.60 | |
03/02/2013 | 18/03/2013 | 02/04/2013 | 93.50 | 0.55 |
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 | 3.00 | 12.10 | 24.79 % |
Last 5 Financial years | 3.00 | 10.57 | 28.38 % |
Last 10 Financial years | 5.80 | 18.90 | 30.69 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 23.14 |
P/E Before Unusual Items (TTM) | 23.14 |
P/BV | 0.75 |
Dividend Yield | 0.00 % |
Market Cap. (M) | 1,528.30 |
Return on Average Assets | 2.63 % |
Return on Average Equity | 3.26 % |
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