Herfy shareholders to vote on 11% dividend for H2 2019 on April 20

19/03/2020 Argaam Exclusive

Herfy Food Services Co.’s shareholders are set to vote on the board’s recommendation to distribute an 11% cash dividend, or SAR 1.1 per share, for the second half of 2019 at the general meeting to be held on April 20.

Dividend Details (H2 2019)
Current Capital	SAR 646.8 mln
Number of shares	64.68 mln
Dividend	SAR 71.15 mln
Percentage of capital	11% (SAR 1.1 per share)
Record date	April 20, 2020
Payment date	To be announced later
Dividend Details (FY 2019)
Total dividend	SAR 135.83 mln
Percentage of capital	21% (SAR 2.1 per share)

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

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
12/03/2020	20/04/2020	07/05/2020	71.15	1.10	H2-2019
12/09/2019	10/10/2019	24/10/2019	64.68	1.00	H1-2019
12/03/2019	30/04/2019	13/05/2019	71.15	1.10	The General Assembly approved 11% cash dividend for H2-2018
30/07/2018	28/08/2018	17/09/2018	64.68	1.00	The Board of Directors recommended10% cash dividend for H1-2018
31/01/2018	23/04/2018	07/05/2018	71.15	1.10	The General Assembly approved 11% cash dividend for H2-2017
11/07/2017	16/07/2017	03/08/2017	64.68	1.00	The General Assembly approved 10% cash dividend for H1-2017
21/02/2017	22/05/2017	05/06/2017	69.30	1.07	The General Assembly approved 15% cash dividend for H2-2016
14/07/2016	19/07/2016	04/08/2016	69.30	1.07	The General Assembly approved 15 % cash dividend for H1-2016
23/02/2016	24/04/2016	12/05/2016	69.30	1.07	The General Assembly approved 15% cash dividend for H2-2015
09/07/2015	23/07/2015	09/08/2015	69.30	1.07	The General assembly approved 15 % cash dividend for H1-2015

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	5.20	45.57	11.41 %
Last 5 Financial years	9.44	72.50	13.02 %
Last 10 Financial years	18.60	34.01	54.69 %

Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	NEG
P/E Before Unusual Items (TTM)	NEG
P/BV	1.54
Dividend Yield	0.00 %
Market Cap. (M)	1,505.75
Return on Average Assets	(2.72 %)
Return on Average Equity	(5.09 %)

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