SAFCO approves 15% cash dividend for H2 2019

30/03/2020 Argaam Exclusive

Saudi Arabia Fertilizers Co.’s (SAFCO) shareholders approved the board’s recommendation to distribute a 15% cash dividend, at SAR 1.5 per share, for the second half of 2019, during the ordinary general meeting (OGM) held March 29, according to a bourse filing on Monday.

 

Shareholders also authorized the board of directors to distribute interim dividends on a semi-annual and quarterly basis for 2020.

 

Moreover, shareholders approved electing board members for the 3-year term, started March 29.

 

They also approved the formation of the audit committee, its duties, and members’ remuneration.

Dividend Details (H2 2019)

Current Capital

SAR 4.1667 bln

Number of shares

416.7 mln

Dividend

SAR 625.0 mln

Percentage of capital

15% (SAR 1.5 per share)

Record date

March 29, 2020 (Including shareholders registered at the Security Depository Center (Edaa) by the end of the second trading day following the assembly)

Payment date

April 12, 2020

Dividend for FY2019

Total Dividend

SAR 1.25 bln

Percentage of capital

30% (SAR 3 per share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
16/12/2019 29/03/2020 12/04/2020 625.00 1.50
19/05/2019 16/07/2019 30/07/2019 625.00 1.50
17/12/2018 07/04/2019 21/04/2019 625.00 1.50
10/06/2018 25/07/2018 08/08/2018 416.67 1.00
21/02/2018 19/03/2018 02/04/2018 416.67 1.00
27/08/2017 11/09/2017 26/09/2017 312.50 0.75
15/02/2017 29/03/2017 12/04/2017 416.67 1.00
19/06/2016 26/06/2016 17/07/2016 625.00 1.50
06/12/2015 30/03/2016 10/04/2016 1,250.00 3.00
05/07/2015 12/07/2015 28/07/2015 1,250.00 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 7.64 65.07 11.75 %
Last 5 Financial years 11.89 80.82 14.71 %
Last 10 Financial years 49.29 98.40 50.09 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

112.60
0.60 0.54 %

Valuation Data (Latest Share Price)

P/E (TTM) 16.00
P/E Before Unusual Items (TTM) 15.40
P/BV 2.88
Dividend Yield 4.34 %
Market Cap. (M) 53,602.10
Return on Average Assets 13.71 %
Return on Average Equity 18.53 %

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