eXtra declares SAR 5/share exceptional dividend for Q4 2024
United Electronics Co.’s (eXtra) board of directors approved, on Dec. 18, the distribution of an exceptional cash dividend at SAR 5 a share, or 50% of the company’s capital, for the fourth quarter of 2024, according to a statement to Tadawul.
Dividend Details (Q4 2024) |
|
Current Capital |
SAR 800 mln |
Noumber of Shares |
80 mln |
Total Dividend |
SAR 400 mln |
Percentage of Capital |
50% (SAR 5 a share) |
Record Date |
Dec. 23, 2024 |
Payment Date |
Dec. 31, 2024 |
Total Dividend YTD |
|
Total Dividend |
SAR 560 mln |
Percentage of Capital |
70% (SAR 7 a share) |
This decision was based on the returns achieved by the company following the successful completion of the initial public offering (IPO) of its subsidiary, United International Holding Co., and its listing on the Main Market (TASI).
eXtra floated 7.5 million shares of United International Holding, representing 30% of capital, at SAR 132 each. The total IPO proceeds reached SAR 990 million, according to data available with Argaam.
eXtra currently owns 69% of the subsidiary's capital after its debut on TASI earlier this month.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
19/12/2024 | 23/12/2024 | 31/12/2024 | 400.00 | 5.00 | |
30/07/2024 | 01/08/2024 | 15/08/2024 | 160.00 | 2.00 | |
07/03/2024 | 11/03/2024 | 21/03/2024 | 160.00 | 2.00 | |
31/07/2023 | 02/08/2023 | 20/08/2023 | 120.00 | 1.50 | |
13/04/2023 | 18/05/2023 | 04/06/2023 | 160.00 | 2.00 | |
08/09/2022 | 11/08/2022 | 25/08/2022 | 150.00 | 1.88 | |
08/03/2022 | 14/04/2022 | 28/04/2022 | 150.00 | 1.88 | |
12/07/2021 | 15/07/2021 | 05/08/2021 | 120.00 | 1.50 | |
18/03/2021 | 25/03/2021 | 12/04/2021 | 120.00 | 1.50 | |
20/07/2020 | 09/08/2020 | 23/08/2020 | 60.00 | 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 | 14.38 | 106.35 | 13.52 % |
Last 5 Financial years | 20.00 | 46.69 | 42.84 % |
Last 10 Financial years | 24.04 | 30.82 | 78.00 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 16.24 |
P/E Before Unusual Items (TTM) | 16.80 |
P/BV | 5.78 |
Dividend Yield | 3.90 % |
Market Cap. (M) | 7,840.00 |
Return on Average Assets | 10.61 % |
Return on Average Equity | 38.70 % |
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