Southern Cement approves 22.5% cash dividend for H2 2019

06/04/2020 Argaam Exclusive

Southern Province Cement Co.’ shareholders approved yesterday the board’s recommendation on paying cash dividend at 22.5%, or SAR 2.25 per share for H2 2019, the cement producer said in a statement to Tadawul.

Dividend Details (H2 2019)

Current Capital

SAR 1.4 bln

Number of shares

140 mln

Dividend

SAR 315 mln

Percentage of capital

22.5% (SAR 2.25 per share)

Record date

April 05, 2020 (The second day following the record date)

Payment date

April 19, 2020

Dividend for FY 2019

Total dividend

SAR 490 mln

Percentage of capital

35% (SAR 3.5/share)

Shareholders, during the meeting, authorized the board of directors to pay interim dividends on a quarterly or semi-annual basis for FY2020.

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33.15
(0.35) (1.04 %)

Valuation Data (Latest Share Price)

P/E (TTM) 21.16
P/E Before Unusual Items (TTM) 22.93
P/BV 1.42
Dividend Yield 2.35 %
Market Cap. (M) 4,641.00
Return on Average Assets 5.39 %
Return on Average Equity 6.77 %

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