Eastern Cement board recommends 15% cash dividend for FY2019

18/03/2020 Argaam Exclusive

Eastern Province Cement Co.’s board of directors recommended, on March 17, a 15% cash dividend for the fiscal year 2019, at SAR 1.50 per share, amounting to SAR 129 million.

Dividend Details (FY2019)

Current Capital

SAR 860 mln

Number of shares

86 mln

Dividend

SAR 129 mln

Percentage of capital

15% (equivalent to SAR 1.50/share)

Record date

End of second trading day following the General Assembly Meeting

Payment date

To be determined

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
18/03/2020 14/04/2020 27/04/2020 129.00 1.50
19/03/2019 30/04/2019 15/05/2019 64.50 0.75
21/03/2018 08/05/2018 24/05/2018 86.00 1.00
14/02/2017 10/04/2017 27/04/2017 129.00 1.50
23/02/2016 29/03/2016 17/04/2016 215.00 2.50
15/02/2015 31/03/2015 14/04/2015 215.00 2.50
13/02/2014 19/03/2014 02/04/2014 301.00 3.50
17/02/2013 17/03/2013 27/03/2013 344.00 4.00
12/02/2012 18/03/2012 28/03/2012 301.00 3.50
14/02/2011 27/03/2011 06/04/2011 301.00 3.50
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 4.75 26.45 17.96 %
Last 5 Financial years 7.25 31.66 22.90 %
Last 10 Financial years 23.25 45.80 50.76 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 13.60
P/E Before Unusual Items (TTM) 11.86
P/BV 1.23
Dividend Yield 4.20 %
Market Cap. (M) 2,984.20
Return on Average Assets 7.70 %
Return on Average Equity 9.18 %

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