Southern Cement shareholders to vote on 22.5% dividend for H2 2019 on April 5

11/03/2020 Argaam Exclusive

Southern Province Cement Co.’ shareholders will vote on April 5, 2020 on the board’s proposal for distributing a 22.5% cash dividend, or SAR 2.25 per share for H2 2019, the firm said in a statement to Tadawul.

 

Dividend Details (H2 2019)

Current Capital

SAR 1.4 bln

Number of shares

140 mln

Dividend

SAR 315 mln

Percentage of capital

22.5% (SAR 2.25 per share)

Record date

April 05, 2020 (The second day following the record date)

Payment date

April 19, 2020

Dividend for FY 2019

Total dividend

SAR 490 mln

Percentage of capital

35% (SAR 3.5/share)

 

The general assembly will also vote on authorizing the board of directors to distribute interim dividends on a quarterly or biannual basis for fiscal year 2020.

 

They will also endorse the financial results, the board and auditor’s reports for the fiscal year  ended Dec. 31, 2019.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
05/03/2020 05/04/2020 19/04/2020 315.00 2.25
05/08/2019 30/09/2019 06/10/2019 175.00 1.25
07/03/2019 18/04/2019 01/05/2019 140.00 1.00
08/08/2018 30/09/2018 14/10/2018 140.00 1.00
07/03/2018 17/04/2018 29/04/2018 70.00 0.50
10/07/2017 31/07/2017 01/10/2017 140.00 1.00
16/02/2017 20/04/2017 30/04/2017 315.00 2.25
25/07/2016 25/07/2016 04/08/2016 350.00 2.50
18/01/2016 17/03/2016 24/04/2016 490.00 3.50
12/07/2015 13/07/2015 30/07/2015 350.00 2.50
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 7.00 82.23 8.51 %
Last 5 Financial years 17.75 109.08 16.27 %
Last 10 Financial years 47.50 67.25 70.63 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

33.10
(0.25) (0.75 %)

Valuation Data (Latest Share Price)

P/E (TTM) 21.13
P/E Before Unusual Items (TTM) 22.89
P/BV 1.42
Dividend Yield 2.35 %
Market Cap. (M) 4,634.00
Return on Average Assets 5.39 %
Return on Average Equity 6.77 %

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