Advanced to vote on 6.5% cash dividend for Q4 2019 on March 31

08/03/2020 Argaam Exclusive

Advanced Petrochemical Co.’s shareholders will vote on a 6.5% cash dividend for Q4 2019, at SAR 0.65 a share, during the general assembly meeting to be held on March 31.

 

Shareholders will also vote on authorizing the board of directors to pay semi-annual and quarterly dividend for 2020, the company said in a bourse statement on Sunday.

 

In September 2019, the Saudi firm increased its capital from SAR 1.97 billion to SAR 2.16 billion via a 10% bonus share issue.

Dividend Details – Q4 2019

Current Capital

SAR 2.1647 bln

Number of shares

216.47 mln shares

Total dividend

SAR 140.7 mln

Percentage of Capital

6.5% (SAR 0.65 per share)

Record date

March 31, 2020

Payment date

To be announced later

Total dividend for 2019

Total cash dividend

SAR 557 mln

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
09/12/2019 31/03/2020 20/04/2020 140.70 0.54
13/10/2019 17/10/2019 06/11/2019 140.70 0.54
26/05/2019 30/06/2019 18/07/2019 137.80 0.53
20/03/2019 31/03/2019 18/04/2019 137.80 0.53
18/12/2018 19/03/2019 08/04/2019 137.80 0.53
26/09/2018 30/09/2018 18/10/2018 137.80 0.53
10/06/2018 28/06/2018 19/07/2018 137.80 0.53
19/03/2018 29/03/2018 19/04/2018 137.80 0.53
05/12/2017 18/03/2018 04/04/2018 137.80 0.53
04/10/2017 11/10/2017 26/10/2017 137.80 0.53
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 6.43 34.58 18.59 %
Last 5 Financial years 10.51 23.64 44.47 %
Last 10 Financial years 18.07 14.46 124.91 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

34.60
(0.35) (1.00 %)

Valuation Data (Latest Share Price)

P/E (TTM) More than 100
P/E Before Unusual Items (TTM) More than 100
P/BV 2.80
Dividend Yield 0.00 %
Market Cap. (M) 8,996.00
Return on Average Assets 0.43 %
Return on Average Equity 1.61 %

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