Makkah Construction board recommends 15% cash dividend for FY19

12/03/2020 Argaam Exclusive

Makkah Construction and Development Co.’s board of directors recommended a 15% cash dividend for the fiscal year ending Dec. 26, 2019, at SAR 1.5 per share, according to a bourse filing on Thursday.

Dividend Details (FY 2019)

Current Capital

SAR 1.648 bln

Number of shares

164.82 mln

Dividend

SAR 247.2 mln

Percentage of capital

15% (SAR 1.5 per share)

Record date

Second trading day following the meeting’s date

Payment date

To be determined later

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
12/03/2020 19/04/2020 14/05/2020 247.22 1.50
25/03/2019 01/05/2019 22/05/2019 329.63 2.00
02/04/2018 21/05/2018 06/06/2018 329.63 2.00
23/03/2017 21/05/2017 12/06/2017 412.04 2.50
31/03/2016 31/05/2016 22/06/2016 412.04 2.50
06/04/2015 15/06/2015 28/06/2015 412.04 2.50
24/04/2014 25/06/2014 08/07/2014 412.04 2.50
04/05/2013 07/07/2013 18/07/2013 412.04 2.50
15/05/2012 18/07/2012 24/07/2012 329.60 2.00
29/05/2011 17/08/2011 24/08/2011 247.22 1.50
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 5.50 90.24 6.09 %
Last 5 Financial years 10.50 78.50 13.38 %
Last 10 Financial years 21.50 27.00 79.63 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

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Valuation Data (Latest Share Price)

P/E (TTM) 47.81
P/E Before Unusual Items (TTM) 50.26
P/BV 4.55
Dividend Yield 2.02 %
Market Cap. (M) 19,250.53
Return on Average Assets 7.85 %
Return on Average Equity 9.47 %

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