Riyadh Development board proposes 5% cash dividend for H2 2023
Riyadh Development Co.'s board of directors proposed a 2.5% cash dividend for the second half of 2023, at SAR 0.25 per share, the company said in a Tadawul statement.
Meanwhile, the board recommended a special dividend of 2.5% or SAR 0.25 per share, due to the sale of part of the company’s unutilized lands held for sale.
Thus, the total dividend distributed for H2 2023 stands at 5% or SAR 0.5 per share.
Dividend Details (H2 2023) |
|
Current Capital |
SAR 1.77 bln |
Number of Shares |
177.78 mln |
Total Dividends |
SAR 88.89 mln |
Percentage of Capital |
5% (SAR 0.50 per share) |
Record Date |
Shareholders of record by the close of trading on the general meeting date and those registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the general meeting date |
Payment Date |
To be determined |
Total Dividend (2023) |
|
Total Dividend |
SAR 133.33 mln |
Percentage of Capital |
7.5% (SAR 0.75 a share) |
The company indicated that the special dividend is in line with its strategy, which aims to balance dividend distribution and sustainable growth.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
10/03/2024 | 23/04/2024 | 14/05/2024 | 88.89 | 0.50 | |
27/07/2023 | 10/08/2023 | 31/08/2023 | 44.44 | 0.25 | |
21/03/2023 | 30/04/2023 | 18/05/2023 | 44.44 | 0.25 | |
29/09/2022 | 10/10/2022 | 30/10/2022 | 44.44 | 0.25 | |
20/02/2022 | 12/05/2022 | 31/05/2022 | 88.89 | 0.50 | |
14/07/2021 | 09/09/2021 | 30/09/2021 | 177.78 | 1.00 | |
11/03/2021 | 18/04/2021 | 06/05/2021 | 115.56 | 0.65 | |
22/07/2020 | 13/09/2020 | 04/10/2020 | 88.89 | 0.50 | |
12/03/2020 | 19/04/2020 | 06/05/2020 | 88.89 | 0.50 | |
17/07/2019 | 09/09/2019 | 24/09/2019 | 71.11 | 0.40 |
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 | 2.75 | 17.02 | 16.16 % |
Last 5 Financial years | 4.80 | 13.13 | 36.56 % |
Last 10 Financial years | 9.45 | 15.87 | 59.55 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 13.58 |
P/E Before Unusual Items (TTM) | 14.09 |
P/BV | 1.97 |
Dividend Yield | 3.55 % |
Market Cap. (M) | 4,835.62 |
Return on Average Assets | 13.02 % |
Return on Average Equity | 15.20 % |
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