SARCO shareholders approve 5% cash dividend for 2021
Shareholders of Saudi Arabian Refineries Co. (SARCO) approved 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) held on 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 disapproved the appointment of Mohammad Nawaf Al-Harbi (independent) to the board, starting from the date of his appointment on Feb. 3, 2022, to complete the current board term that ends on April 30, 2024. Al-Harbi was appointed to succeed the former member, Ali bin Saleh Khabti.
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 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | NEG |
P/E Before Unusual Items (TTM) | NEG |
P/BV | 2.85 |
Dividend Yield | 0.00 % |
Market Cap. (M) | 1,083.00 |
Return on Average Assets | (2.83 %) |
Return on Average Equity | (2.88 %) |
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