Arabian Cement shareholders approve 7.5% dividend for H2 2023
Arabian Cement Co.'s shareholders approved during an ordinary general meeting (OGM) the board's recommendation on a 7.5% cash dividend, at SAR 0.75 per share, for the second half of 2023, according to a Tadawul statement.
Dividend Details (H2 2023) |
|
Current capital |
SAR 1 bln |
Number of shares |
100 mln |
Dividend |
SAR 75 mln |
Percentage of capital |
7.5% (SAR 0.75 per share) |
Record date |
April 28, 2024 (Shareholders registered with Edaa at the end of the second trading day following the record date) |
Payment date |
May 9, 2024 |
Dividend Details (2023) |
|
Dividend |
SAR 220 mln |
Percentage of capital |
15% (SAR 1.5 per share) |
The shareholders also authorized the board of directors to distribute interim dividends, quarterly or semi-annually, for 2024.
The agenda of the meeting included approving the purchase contracts concluded between the company and Ready-Mix Concrete and Construction Supplies Co. (RMCC) in Jordan, where two non-executive board members—Saud Alsuliman and Mutaz Alazzawi—have indirect interests, since they are also on RMCC board.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
10/03/2024 | 28/04/2024 | 09/05/2024 | 75.00 | 0.75 | |
07/08/2023 | 10/08/2023 | 25/08/2023 | 75.00 | 0.75 | |
23/02/2023 | 09/04/2023 | 17/04/2023 | 110.00 | 1.10 | |
09/08/2022 | 31/08/2022 | 15/09/2022 | 110.00 | 1.10 | |
28/02/2022 | 17/04/2022 | 12/05/2022 | 150.00 | 1.50 | |
16/08/2021 | 18/08/2021 | 06/09/2021 | 125.00 | 1.25 | |
01/03/2021 | 11/04/2021 | 02/05/2021 | 125.00 | 1.25 | |
26/07/2020 | 10/08/2020 | 26/08/2020 | 100.00 | 1.00 | |
02/03/2020 | 19/04/2020 | 07/05/2020 | 100.00 | 1.00 | |
04/08/2019 | 05/08/2019 | 29/08/2019 | 75.00 | 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 | 6.45 | 36.10 | 17.87 % |
Last 5 Financial years | 10.45 | 22.80 | 45.83 % |
Last 10 Financial years | 28.95 | 51.80 | 55.89 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 16.12 |
P/E Before Unusual Items (TTM) | 18.08 |
P/BV | 1.03 |
Dividend Yield | 4.35 % |
Market Cap. (M) | 2,605.00 |
Return on Average Assets | 5.22 % |
Return on Average Equity | 6.37 % |
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