SABIC’s shareholders to vote on 22% dividend for H2 2019 on April 21

29/03/2020 Argaam Exclusive

Saudi Basic Industries Corp.’s (SABIC) shareholders are set to vote on a 22% cash dividend for the second half of 2019 (SAR 2.2 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 to distribute cash 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 6.6 bln

Percentage of capital

22% (SAR 2.2 per share)

Record date

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

Payment date

May 12, 2020

Dividend for FY 2019

Total dividend

SAR 13.2 bln

Percentage of capital

44% (SAR 4.4 per share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
18/12/2019 21/04/2020 12/05/2020 6,600.00 2.20
23/05/2019 16/09/2019 30/09/2019 6,600.00 2.20
19/12/2018 09/04/2019 30/04/2019 6,600.00 2.20
05/06/2018 30/08/2018 17/09/2018 6,600.00 2.20
19/12/2017 17/04/2018 01/05/2018 6,600.00 2.20
21/06/2017 30/07/2017 17/08/2017 6,000.00 2.00
18/12/2016 11/04/2017 23/04/2017 6,000.00 2.00
27/07/2016 25/08/2016 06/09/2016 6,000.00 2.00
16/12/2015 11/04/2016 24/04/2016 9,000.00 3.00
26/07/2015 20/08/2015 02/09/2015 7,500.00 2.50
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 13.00 91.49 14.21 %
Last 5 Financial years 22.50 83.88 26.82 %
Last 10 Financial years 46.50 82.75 56.19 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) More than 100
P/E Before Unusual Items (TTM) 54.04
P/BV 1.23
Dividend Yield 4.07 %
Market Cap. (M) 204,300.00
Return on Average Assets 0.59 %
Return on Average Equity 1.00 %

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