SARCO shareholders to vote on 5% cash dividend for 2021 on June 28
Shareholders of Saudi Arabian Refineries Co. (SARCO) will vote on the board of directors’ recommendation to distribute a 5% cash dividend, or SAR 0.50 per share, for 2021, during the ordinary general assembly meeting (OGM) scheduled for June 28.
Dividend Details (2021) |
|
Current capital |
SAR 150 mln |
Number of shares |
15 mln |
Dividend |
SAR 7.5 mln |
Percentage of capital |
5% (SAR 0.50 per share) |
Record date |
June 28 (Shareholders registered with Securities Depository Center Co. (Edaa) at the end of the second trading day following the record date) |
Payment date |
To be announced later |
In a statement to Tadawul, SARCO said shareholders will also vote on board and auditor reports for 2021, along with the financial statements for the same year. They will vote to absolve the board members from any liability for 2021.
The meeting agenda also includes voting on the appointment of an external auditor to examine, review and audit the financial statements for Q2, Q3, Q4 and 2022, along with Q1 2023.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
24/03/2022 | 28/06/2022 | 14/07/2022 | 7.50 | 0.50 | |
04/03/2021 | 21/04/2021 | 10/05/2021 | 11.25 | 0.75 | |
11/03/2020 | 21/04/2020 | 10/05/2020 | 15.00 | 1.00 | |
07/03/2019 | 24/04/2019 | 08/05/2019 | 11.25 | 0.75 | |
01/03/2018 | 24/04/2018 | 08/05/2018 | 7.50 | 0.50 | |
23/02/2016 | 27/04/2016 | 19/05/2016 | 7.50 | 0.50 | |
23/02/2015 | 28/04/2015 | 19/05/2015 | 10.50 | 0.70 | |
19/02/2014 | 28/04/2014 | 19/05/2014 | 9.00 | 0.60 | |
19/02/2013 | 01/05/2013 | 22/05/2013 | 7.50 | 0.50 | |
13/02/2012 | 15/04/2012 | 12/05/2012 | 7.50 | 0.50 |
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 | 2.25 | 45.00 | 5.00 % |
Last 5 Financial years | 4.00 | 30.97 | 12.92 % |
Last 10 Financial years | 6.30 | 60.75 | 10.37 % |
Valuation Data (Latest Share Price)
P/E (TTM) | NEG |
P/E Before Unusual Items (TTM) | NEG |
P/BV | 2.93 |
Dividend Yield | 0.00 % |
Market Cap. (M) | 1,111.50 |
Return on Average Assets | (2.83 %) |
Return on Average Equity | (2.88 %) |
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