National Gas & Industrialization Co. (GASCO) has recommended a 4.25 percent quarterly cash dividend for the second quarter, third quarter and fourth quarter of the fiscal year 2019, at SAR 0.425 per share, amounting to SAR 31.875 million each quarter.
The board has also recommended an extraordinary dividend distribution of 2.25 percent at SAR 0.225 per share for each quarter of Q2, Q3 and Q4 2019.
In March, GASCO said that the general assembly of its 9 percent affiliate, National Industrial Gases Co. (Gas), has approved cash dividend for the fiscal year 2018, according to data compiled by Argaam.
|
Dividend Details (Q2, Q3, Q4 2019) |
|
|
Current Capital |
SAR 750 mln |
|
Number of shares |
75 mln |
|
Dividend for each quarter |
SAR 31.875 mln |
|
Percentage of capital |
4.25% (SAR 0.425 per share) |
|
Record date for Q2 |
August 18, 2019 |
|
Payment date for Q2 |
August 29, 2019 |
|
Record date for Q3 |
October 14, 2019 |
|
Payment date for Q3 |
October 24, 2019 |
|
Record date for Q4 |
December 9, 2019 |
|
Payment date for Q4 |
December 19, 2019 |
|
Extraordinary Dividend Details |
|
|
Dividend for each quarter |
SAR 16.875 mln |
|
Percentage of capital |
2.25% (SAR 0.225 per share) |
|
Record date for Q2 |
August 18, 2019 |
|
Payment date for Q2 |
August 29, 2019 |
|
Record date for Q3 |
October 14, 2019 |
|
Payment date for Q3 |
October 24, 2019 |
|
Record date for Q4 |
December 9, 2019 |
|
Payment date for Q4 |
December 19, 2019 |
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