Tawuniya shareholders approve 10% cash dividend for 2023
Shareholders of the Company for Cooperative Insurance (Tawuniya) approved the board’s recommendation to distribute a cash dividend at 10% of capital, or SAR 1 a share, for 2023, during the extraordinary general meeting (EGM) held on June 23, 2024, according to a statement to Tadawul.
Cash Dividends Details |
|
Current Capital |
SAR 1.5 bln |
Number of Shares |
150 mln |
Total Dividend |
SAR 150 mln |
Payout Ratio |
10% (SAR 1 a share) |
Record Date |
June 23, 2024 for shareholders of record who are registered with Edaa on the second trading day following the general meeting. |
Payment Date |
July 7, 2024 |
Shareholders also approved the buyback of 147,440 shares maximum, to allocate to the employee share program. The share repurchase will be financed from the company’s cash balance, while the board will be authorized to finalize the share buyback within 12 months maximum from the general meeting date.
The repurchased shares will be retained for 10 years maximum from the general meeting date and the company will follow the applicable regulations in this regard after the expiry of this period.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
14/04/2024 | 23/06/2024 | 07/07/2024 | 150.00 | 1.00 | |
08/05/2023 | 07/06/2023 | 19/06/2023 | 125.00 | 0.83 | |
06/04/2021 | 29/04/2021 | 09/05/2021 | 100.00 | 0.67 | |
15/02/2017 | 21/03/2017 | 27/03/2017 | 500.00 | 3.33 | |
21/02/2016 | 21/03/2016 | 24/03/2016 | 100.00 | 0.67 | |
11/02/2015 | 16/03/2015 | 19/03/2015 | 145.00 | 0.97 | |
06/02/2012 | 12/03/2012 | 17/03/2012 | 262.50 | 1.75 | |
12/02/2011 | 30/03/2011 | 06/04/2011 | 150.00 | 1.00 | |
01/02/2010 | 09/03/2010 | 31/03/2010 | 200.00 | 1.33 | |
07/02/2009 | 10/03/2009 | 26/03/2009 | 100.00 | 0.67 |
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 | 1.83 | 66.00 | 2.78 % |
Last 5 Financial years | 2.50 | 50.25 | 4.98 % |
Last 10 Financial years | 7.47 | 23.20 | 32.19 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 22.69 |
P/E Before Unusual Items (TTM) | 22.69 |
P/BV | 4.98 |
Dividend Yield | 0.77 % |
Market Cap. (M) | 21,420.00 |
Return on Average Assets | 4.78 % |
Return on Average Equity | 24.04 % |
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