Southern Cement shareholders to discuss 5% dividend for H2 2022 on May 30
Southern Province Cement Co. shareholders will discuss the board’s recommendation to pay a cash dividend at 5%, or SAR 0.50 a share for H2 2022, during the ordinary general meeting (OGM) scheduled for May 30, according to a statement to Tadawul.
Dividend Details (H2 2022) |
||
Current Capital |
SAR 1.4 bln |
|
No. of Shares* |
140 mln |
|
Total Dividend |
SAR 70 mln |
|
Percentage of Capital |
5% (SAR 0.50 a share) |
|
Record Date |
May 30, 2023 (Shareholders of record registered with Edaa on the second trading day following the record date) |
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Payment Date |
June 11, 2023 |
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Total Dividend 2022 |
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Total Dividend |
SAR 175 mln |
|
Percentage of Capital |
12.5% (SAR 1.25 a share) |
Shareholders will also vote on authorizing the board to pay an interim dividend for 2023 on a quarterly or semiannual basis, the statement added.
They will also vote on concluding an Islamic credit facility contract with a local bank at SAR 1.4 billion with a tenor of more than three years to finance the construction of a production line with a capacity of 5,000 tons/day and the infrastructure of another production line, with the same capacity, in Jazan Cement plant.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
28/03/2023 | 30/05/2023 | 11/06/2023 | 70.00 | 0.50 | |
08/09/2022 | 14/09/2022 | 26/09/2022 | 105.00 | 0.75 | |
03/03/2022 | 12/04/2022 | 24/04/2022 | 175.00 | 1.25 | |
29/07/2021 | 10/08/2021 | 22/08/2021 | 175.00 | 1.25 | |
03/03/2021 | 11/04/2021 | 25/04/2021 | 350.00 | 2.50 | |
23/07/2020 | 09/08/2020 | 23/08/2020 | 315.00 | 2.25 | |
05/03/2020 | 05/04/2020 | 19/04/2020 | 315.00 | 2.25 | |
05/08/2019 | 30/09/2019 | 06/10/2019 | 175.00 | 1.25 | |
07/03/2019 | 18/04/2019 | 01/05/2019 | 140.00 | 1.00 | |
08/08/2018 | 30/09/2018 | 14/10/2018 | 140.00 | 1.00 |
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 | 4.75 | 83.70 | 5.68 % |
Last 5 Financial years | 13.00 | 37.15 | 34.99 % |
Last 10 Financial years | 32.25 | 110.50 | 29.19 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 21.16 |
P/E Before Unusual Items (TTM) | 22.93 |
P/BV | 1.42 |
Dividend Yield | 2.35 % |
Market Cap. (M) | 4,641.00 |
Return on Average Assets | 5.39 % |
Return on Average Equity | 6.77 % |
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