AXA Cooperative board recommends 7% cash dividend for 2019

10/03/2020 Argaam Exclusive

AXA Cooperative Insurance Co.’s board of directors recommended on March 9, 2020 a 7% cash dividend for the fiscal year 2019, at SAR 0.70 per share, amounting to SAR 35 million, the company said in a bourse filing on Tuesday.

Dividend Details

Current Capital 

SAR 500 mln 

Number of shares 

50 mln 

Dividend 

SAR 35 mln 

Percentage of capital 

7% (equivalent to SAR 0.7 per share) 

Record date 

Registered shareholders at Securities Depository Center Co. (Edaa) by the end of the second trading day

Payment date 

To be determined

According to data compiled by Argaam, this is the first time that AXA Cooperative distributes cash dividends to shareholders since its listing in the market in 2009.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
Data not available
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 N/A 14.83 N/A
Last 5 Financial years N/A 18.25 N/A
Last 10 Financial years N/A 15.75 N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

29.25
0.40 1.39 %

Valuation Data (Latest Share Price)

P/E (TTM) 20.21
P/E Before Unusual Items (TTM) 20.21
P/BV 1.44
Dividend Yield 5.70 %
Market Cap. (M) 1,535.63
Return on Average Assets 2.63 %
Return on Average Equity 7.32 %

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