Kingdom Holding approves 1.25% quarterly cash dividend for FY2020

31/03/2020 Argaam Exclusive

Kingdom Holding Co.’s board of directors approved on Monday the recommendation to distribute a 1.25% quarterly cash dividend for the fiscal year 2020, amounting to 5% for the full year.

 

The developer will issue a dividend of SAR 163.9 million each quarter from retained earnings, totaling SAR 655.9 million for the year, it said in a bourse statement on Tuesday.

 

The figure was determined after Kingdom Holding chairman Prince Alwaleed bin Talal gave up his full entitlement of the proposed annual cash distribution, totaling nearly SAR 1.197 billion.

 

Cash Dividend Details (FY2020)

Current Capital

SAR 37.058 bln

Number of shares

3.706 bln shares

Cash dividend

SAR 163.9 mln

Percent capital

1.25% ( 12.5 Halalas per share)

First payment’s record date

March 31, 2020

Second payment’s record date

June 30, 2020

Third payment’s record date

Sept. 30, 2020

Fourth payment’s record date

Dec. 31, 2020

Payment date

10 days after each record date

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
31/03/2020 31/12/2020 14/01/2021 463.24 0.13
31/03/2020 30/09/2020 14/10/2020 463.24 0.13
31/03/2020 30/06/2020 14/07/2020 463.24 0.13
31/03/2020 31/03/2020 14/04/2020 463.24 0.13
28/03/2019 31/03/2019 15/04/2019 463.24 0.13
28/03/2019 30/06/2019 15/07/2019 463.24 0.13
28/03/2019 30/09/2019 15/10/2019 463.24 0.13
28/03/2019 31/12/2019 15/01/2020 463.24 0.13
29/03/2018 31/12/2018 15/01/2019 463.24 0.13
29/03/2018 30/09/2018 14/10/2018 463.24 0.13
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 1.50 8.67 17.30 %
Last 5 Financial years 2.50 15.79 15.83 %
Last 10 Financial years 5.00 8.20 60.97 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

9.60
0.09 0.95 %

Valuation Data (Latest Share Price)

P/E (TTM) 26.86
P/E Before Unusual Items (TTM) 33.54
P/BV 0.95
Dividend Yield 3.92 %
Market Cap. (M) 35,576.47
Return on Average Assets 2.51 %
Return on Average Equity 3.87 %

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