Yansab shareholders to vote on H2 2019 cash dividend on March 15

20/02/2020 Argaam Exclusive

Yanbu National Petrochemical Co. (Yansab) will hold its ordinary general assembly (OGM) on March 15, it said in a filing to the Saudi Stock Exchange (Tadawul) on Thursday.

 

Shareholders will vote on a 17.5% cash dividend for the second half of 2019, at SAR 1.75 per share, amounting to SAR 984.38 million.

Dividend Details (H2 2019)

Current Capital

SAR 5.625 bln

Number of shares

562.5 mln

Dividend

SAR 984.38 mln

Percentage of capital

17.5% (SAR 1.75 per share)

Record date

March 15, 2020

Payment date

To be determined

Dividend Details (FY 2019)

Dividend

SAR 1.969 bln

Percentage of capital

35% (SAR 3.5 per share)

The general meeting will mandate the board of directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year (FY) 2020.

 

Additionally, the general assembly will vote on the board’s election of including Saudi Basic Industries Corp.’s (SABIC) representatives for the coming session that will extend for 3 years as of March 16, 2020.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
25/12/2019 15/03/2020 01/04/2020 984.38 1.75
12/05/2019 02/07/2019 16/07/2019 984.38 1.75
20/12/2018 04/04/2019 18/04/2019 1,125.00 2.00
27/05/2018 02/07/2018 16/07/2018 984.37 1.75
28/12/2017 02/04/2018 16/04/2018 984.37 1.75
07/06/2017 02/07/2017 13/07/2017 843.75 1.50
22/12/2016 14/03/2017 28/03/2017 843.75 1.50
30/05/2016 15/06/2016 30/06/2016 843.75 1.50
24/12/2015 31/03/2016 14/04/2016 562.50 1.00
09/06/2015 25/06/2015 13/07/2015 562.50 1.00
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 10.50 54.46 19.28 %
Last 5 Financial years 15.50 47.63 32.54 %
Last 10 Financial years 21.50 34.30 62.68 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 44.98
P/E Before Unusual Items (TTM) 44.98
P/BV 1.81
Dividend Yield 4.60 %
Market Cap. (M) 21,290.63
Return on Average Assets 3.31 %
Return on Average Equity 3.92 %

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