Budget Saudi plans 15% dividend for H2 2019

09/02/2020 Argaam Exclusive

United International Transportation Co. Ltd.’s (Budget Saudi) board of directors recommended a 15% cash dividend for the second half of 2019, at SAR 1.5 per share, amounting to SAR 106.75 million, the company said in a bourse statement today.

Dividend Details (H2 2019)

Current Capital

SAR 711.67 mln

Number of shares

71.17 mln

Dividend

SAR 106.75 mln

Percentage of capital

15% (SAR 1.5 per share)

Record date

End of second trading day following the general assembly meeting

Payment date

To be determined

Dividend Details (FY 2019)

Dividend

SAR 142.33 mln

Percentage of capital

20% (SAR 2 per share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
27/10/2019 31/10/2019 19/11/2019 35.58 0.50
03/02/2019 18/04/2019 08/05/2019 106.75 1.50
01/02/2018 30/04/2018 14/05/2018 106.75 1.50
19/01/2017 19/04/2017 02/05/2017 76.25 1.07
19/01/2016 05/05/2016 31/05/2016 76.25 1.07
19/01/2015 23/04/2015 18/05/2015 69.10 0.97
19/01/2014 17/04/2014 13/05/2014 68.60 0.96
19/01/2013 17/04/2013 12/05/2013 51.24 0.72
18/01/2012 18/04/2012 14/05/2012 45.75 0.64
19/01/2011 19/04/2011 17/05/2011 41.20 0.58
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

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 4.25 26.72 15.91 %
Last 5 Financial years 6.82 31.02 21.99 %
Last 10 Financial years 11.19 14.24 78.59 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

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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