Bupa Arabia shareholders approve 45% dividend for 2021, SAR 17.6 mln share buyback
Bupa Arabia for Cooperative Insurance Co.’s shareholders approved the board’s recommendation of a 45% cash dividend, or SAR 4.5 per share, for 2021 during the extraordinary general meeting (EGM) held on June 30, according to a bourse filing today, July 3.
Dividend Details (2021) |
|
Current capital |
SAR 1.2 bln |
Number of shares |
120 mln |
Dividend |
SAR 540 mln |
Percentage of capital |
45% (SAR 4.5 per share) |
Record date |
June 30, 2022 (Shareholders registered with the Securities Depository Center at the end of the second trading day following the record date.) |
Payment date |
July 20, 2022 |
They delegated the board the authority to approve interim dividends semi-annually or quarterly for 2022.
Shareholders approved the buyback of 175,000 shares maximum at a total value of SAR 17.55 million as part of the long-term incentive plan (LTIP). The repurchase will be financed through the company’s cash. They also authorized the board to complete the repurchase process within 12 months from the date of the EGM’s approval.
The repurchased shares will be kept no longer than 10 years from the EGM date until allocated to the entitled employees. The EGM approval was obtained on May 8, 2017.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
06/06/2022 | 30/06/2022 | 20/07/2022 | 540.00 | 3.60 | |
25/04/2021 | 24/06/2021 | 08/07/2021 | 408.00 | 2.72 | |
30/04/2019 | 30/06/2019 | 14/07/2019 | 180.00 | 1.20 | |
17/04/2018 | 31/05/2018 | 11/06/2018 | 160.00 | 1.07 | |
13/03/2017 | 08/05/2017 | 21/05/2017 | 120.00 | 0.80 | |
25/04/2016 | 01/06/2016 | 27/06/2016 | 160.00 | 1.07 | |
23/04/2014 | 05/06/2014 | 25/06/2014 | 20.00 | 0.13 | |
02/03/2013 | 10/04/2013 | 07/05/2013 | 40.00 | 0.27 |
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 | 9.92 | 81.14 | 12.23 % |
Last 5 Financial years | 11.12 | 49.04 | 22.67 % |
Last 10 Financial years | 14.19 | 7.31 | 194.18 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 24.31 |
P/E Before Unusual Items (TTM) | 24.31 |
P/BV | 5.72 |
Dividend Yield | 1.87 % |
Market Cap. (M) | 29,790.00 |
Return on Average Assets | 8.38 % |
Return on Average Equity | 25.30 % |
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