Riyadh Cement shareholders OK 7.5% cash dividend for H2 2023
Shareholders of Riyadh Cement Co. approved the board’s recommendation on a 7.5% cash dividend, or SAR 0.75 per share, for the second half of 2023, during the ordinary general meeting (OGM) held on April 23, according to a Tadawul statement.
Dividend Details (H2 2023) |
|
Current Capital |
SAR 1.20 bln |
Number of Shares |
120 mln |
Total Dividend |
SAR 90 mln |
Percentage of Capital |
7.5% (SAR 0.75 a share) |
Record Date |
April 23, 2024 (Shareholders registered with Edaa by the close of the second trading day after the OGM date.) |
Date of Payment |
April 30, 2024 |
Total Dividends for 2023 |
|
Total Dividends |
SAR 186 mln |
Percentage of Capital |
15.5% (SAR 1.55 a share) |
Shareholders also authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2024.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
11/12/2023 | 23/04/2024 | 30/04/2024 | 90.00 | 0.75 | |
24/08/2023 | 01/09/2023 | 13/09/2023 | 96.00 | 0.80 | |
20/12/2022 | 03/05/2023 | 11/05/2023 | 90.00 | 0.75 | |
05/09/2022 | 15/09/2022 | 28/09/2022 | 90.00 | 0.75 | |
23/12/2021 | 23/05/2022 | 31/05/2022 | 90.00 | 0.75 | |
08/09/2021 | 16/09/2021 | 03/10/2021 | 120.00 | 1.00 | |
29/12/2020 | 21/04/2021 | 28/04/2021 | 120.00 | 1.00 | |
13/09/2020 | 20/09/2020 | 04/10/2020 | 90.00 | 0.75 |
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 | 4.80 | 30.80 | 15.58 % |
Last 5 Financial years | N/A | N/A | N/A |
Last 10 Financial years | N/A | N/A | N/A |
Valuation Data (Latest Share Price)
P/E (TTM) | 14.27 |
P/E Before Unusual Items (TTM) | 15.71 |
P/BV | 2.29 |
Dividend Yield | 4.53 % |
Market Cap. (M) | 3,888.00 |
Return on Average Assets | - |
Return on Average Equity | 16.35 % |
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