Almunajem Foods shareholders OK 10% cash dividend for H2 2022

09/05/2023 Argaam Exclusive

Almunajem Foods Co.’s shareholders approved, on May 8, a 10% cash dividend, or SAR 1 per share, for the second half of 2022, the company said in a statement to Tadawul.

 

Dividend Details (H2 2022)

Current capital

SAR 600 mln

Number of shares

60 mln

Total dividend

SAR 60 mln

Percentage of capital

10% (SAR 1 per share)

Record date

May 8, 2023 (Shareholders registered with the Securities Depository Center Co. by the end of the second trading day following the record date)

Payment date

May 17, 2023

 

Total Dividend (2022)

Total Dividend

SAR 135 mln

Percentage of Capital

22.5% (SAR 2.25 a share)

 

Shareholders also agreed to authorize the board of directors to distribute interim dividends semi-annually or quarterly for 2023.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
23/03/2023 08/05/2023 17/05/2023 60.00 1.00
18/07/2022 31/07/2022 14/08/2022 75.00 1.25
27/03/2022 01/06/2022 12/06/2022 120.00 2.00
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

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 7.50 63.40 11.83 %
Last 5 Financial years N/A N/A N/A
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

99.20
1.50 1.54 %

Valuation Data (Latest Share Price)

P/E (TTM) 19.84
P/E Before Unusual Items (TTM) 19.84
P/BV 5.56
Dividend Yield 4.41 %
Market Cap. (M) 5,952.00
Return on Average Assets 18.37 %
Return on Average Equity 29.45 %

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