Saudi Cement to vote on 20% dividend for H2 2019 on April 21

23/03/2020 Argaam Exclusive

Saudi Cement Co.’s shareholders are set to vote on a 20% cash dividend for the second half of 2019 (SAR 2 per share), during the general assembly meeting that will be held on April 21, 2020.

 

Shareholders will also vote on delegating the company’s board of directors to distribute cash dividend for the fiscal year 2020 on a quarterly or a semi-annual basis.

Dividend Details (H2 2019)

Current Capital

SAR 1.53 bln

Number of shares

153 mln

Dividend

SAR 306 mln

Percentage of capital

20% (SAR 2 per share)

Record date

April 21, 2020 (including those registered at the Securities Depository Center two days after this date)

Payment date

May 5, 2020

Dividend Details (FY2019)

Dividend

SAR 535.5 mln

Percentage of capital

35% (SAR 3.5 per share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
06/02/2020 21/04/2020 05/05/2020 306.00 2.00
29/05/2019 12/06/2019 02/07/2019 229.50 1.50
06/02/2019 16/04/2019 01/05/2019 267.75 1.75
28/05/2018 05/06/2018 02/07/2018 229.50 1.50
07/02/2018 15/04/2018 25/04/2018 267.75 1.75
24/05/2017 06/06/2017 20/06/2017 344.25 2.25
08/02/2017 09/04/2017 17/04/2017 420.75 2.75
25/05/2016 16/06/2016 27/06/2016 420.75 2.75
07/02/2016 24/03/2016 31/03/2016 459.00 3.00
25/05/2015 30/06/2015 09/07/2015 459.00 3.00
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 10.25 47.67 21.50 %
Last 5 Financial years 19.75 64.50 30.62 %
Last 10 Financial years 52.25 49.80 104.92 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

43.80
(0.25) (0.57 %)
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Valuation Data (Latest Share Price)

P/E (TTM) 18.06
P/E Before Unusual Items (TTM) 18.06
P/BV 2.95
Dividend Yield 4.75 %
Market Cap. (M) 6,701.40
Return on Average Assets 11.33 %
Return on Average Equity 15.82 %

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