Riyad Bank shareholders approve 5.5% dividend for H2 2019

26/03/2020 Argaam Exclusive

Riyad Bank’s shareholders approved on March 25 the board’s proposal for distributing a 5.5% cash dividend, or SAR 0.55 per share, for H2 2019, the bank said in a statement to Tadawul.

 

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

Dividend Details (H2 2019)

Current Capital

SAR 30 bln

Number of shares

3 bln

Dividend

SAR 1.65 bln

Percentage of capital

5.5% (SAR 0.55 per share)

Record date

March 25, 2020 (Including registered at the Security Depository Center (Edaa) by the end of the second trading day following this date)

Payment date

April 8, 2020

Dividend Details (FY 2019)

Dividend

SAR 3.21 bln

Percentage of capital

10.7% (SAR 1.07 per share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
30/12/2019 25/03/2020 08/04/2020 1,650.00 0.55
07/07/2019 11/07/2019 24/07/2019 1,560.00 0.52
13/12/2018 19/03/2019 02/04/2019 1,200.00 0.40
04/07/2018 08/07/2018 23/07/2018 1,110.00 0.37
28/12/2017 26/03/2018 09/04/2018 1,140.00 0.38
21/06/2017 02/07/2017 16/07/2017 1,050.00 0.35
04/01/2017 27/03/2017 10/04/2017 900.00 0.30
18/07/2016 20/07/2016 02/08/2016 1,050.00 0.35
31/12/2015 05/04/2016 18/04/2016 1,050.00 0.35
05/07/2015 06/07/2015 27/07/2015 1,050.00 0.35
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 2.34 12.52 18.69 %
Last 5 Financial years 3.72 12.61 29.50 %
Last 10 Financial years 7.18 13.35 53.75 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Riyad Bank
27.50
(0.45) (1.61 %)

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Valuation Data (Latest Share Price)

P/E (TTM) 10.19
P/E Before Unusual Items (TTM) 10.19
P/BV 1.54
Dividend Yield 4.91 %
Market Cap. (M) 82,500.00
Return on Average Assets 2.06 %
Return on Average Equity 15.76 %

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