Eastern Cement shareholders approve 15% cash dividend for FY2019

15/04/2020 Argaam Exclusive

Eastern Province Cement Co.'s shareholders approved the board of directors' recommendation on paying cash dividend at 15% of capital, or SAR 1.50 a share, for FY2019, the company said in a bourse statement.

Dividend Details (FY2019)

Current Capital

SAR 860 mln

Number of shares

86 mln

Dividend

SAR 129 mln

Percentage of capital

15% (SAR 1.50 per share)

Record date

April 14, 2020

Payment date

April 27, 2020

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Valuation Data (Latest Share Price)

P/E (TTM) 13.68
P/E Before Unusual Items (TTM) 12.58
P/BV 1.21
Dividend Yield 4.20 %
Market Cap. (M) 2,872.40
Return on Average Assets 7.24 %
Return on Average Equity 8.92 %

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