Advanced Petrochemical Co. (Advanced) will pay 6.5% cash dividend (SAR 0.65 per share) to shareholders for the first quarter of 2020 on May 14, 2020, the company said in a bourse statement.
Shareholders of record on April 23, including those registered at the Securities Depository Center two days after this date, are eligible to receive the dividend.
|
Dividend Details (Q1 2020) |
|
|
Current Capital |
SAR 2.1647 bln |
|
Number of shares |
216.47 mln |
|
Dividend |
SAR 140.7 mln |
|
Percentage of capital |
6.5% (SAR 0.65 per share) |
|
Record date |
April 23, 2020 (Including registered shareholders at the Securities Depository Center (Edaa) at the end of second trading day following due date) |
|
Payment date |
May 14, 2020 |
The company said in a bourse statement that dividend distribution will be processed to eligible shareholders through Al Rajhi Bank branches and dividend will be transferred to shareholders’ bank accounts linked to their portfolios.
On April 1, 2020, Advanced’s board of directors recommended to distribute a 6.5% cash dividend to shareholders for the first quarter of 2020, at SAR 0.65 per share, amounting to SAR 140.7 million, Argaam reported.
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