Budget Saudi shareholders approve 10% cash dividend for H2 2023
United International Transportation Co.’s (Budget Saudi) shareholders approved a 10% cash dividend for H2 2023, at SAR 1 per share, during the extraordinary general meeting (EGM) held on May 23, the company said in a statement to Tadawul.
Dividend Details (H2 2023) |
|
Current Capital |
SAR 711.7 mln |
Number of Shares |
71.17 mln |
Total Dividend |
SAR 71.17 mln |
Percentage of Capital |
10% (SAR 1 per share) |
Record Date |
May 23, 2024 (Shareholders of record registered with Edaa at the end of the second trading day following the record date) |
Payment Date |
June 6, 2024 |
Total Dividend (2023) |
|
Dividend |
SAR 106.8 mln |
Percentage of Capital |
15% (SAR 1.5 per share) |
Shareholders also approved authorizing the board of directors to distribute interim dividends semi-annually or quarterly for 2024.
Meanwhile, they gave the go-ahead for electing board members for the next four-year term ending on June 20, 2028.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
25/03/2024 | 23/05/2024 | 06/06/2024 | 71.17 | 1.00 | |
27/07/2023 | 24/08/2023 | 13/09/2023 | 35.58 | 0.50 | |
23/02/2023 | 13/04/2023 | 09/05/2023 | 106.75 | 1.50 | |
31/07/2022 | 18/08/2022 | 01/09/2022 | 35.58 | 0.50 | |
30/03/2022 | 17/05/2022 | 02/06/2022 | 92.52 | 1.30 | |
22/08/2021 | 01/09/2021 | 20/09/2021 | 42.70 | 0.60 | |
07/02/2021 | 29/04/2021 | 10/05/2021 | 88.96 | 1.25 | |
23/07/2020 | 28/07/2020 | 20/08/2020 | 35.58 | 0.50 | |
20/04/2020 | 15/06/2020 | 01/07/2020 | 35.58 | 0.50 | |
27/10/2019 | 31/10/2019 | 19/11/2019 | 35.58 | 0.50 |
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 | 5.40 | 37.55 | 14.38 % |
Last 5 Financial years | 8.15 | 26.70 | 30.52 % |
Last 10 Financial years | 14.26 | 30.63 | 46.57 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 20.75 |
P/E Before Unusual Items (TTM) | 20.75 |
P/BV | 2.23 |
Dividend Yield | 1.73 % |
Market Cap. (M) | 5,784.58 |
Return on Average Assets | 7.24 % |
Return on Average Equity | 12.72 % |
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