Budget Saudi cuts H2 2019 proposed dividend from15% to 5%

20/04/2020 Argaam Exclusive

United International Transportation Co. Ltd.’s (Budget Saudi) board of directors decided to cancel a previous recommendation of a 15% cash dividend for the second half of 2019, at SAR 1.5 per share, and amend it to 5% cash dividend at SAR 0.5 per share.

 

The company said in a bourse statement today that the decision aims to maintain liquidity and cash flows, as well as mitigating the risks of the precautionary measures due to COVID-19 outbreak.

Dividend Details (H2 2019)

Current Capital

SAR 711.67 mln

Number of shares

71.17 mln

Dividend

SAR 35.58 mln

Percentage of capital

5% (SAR 0.5 per share)

Record date

To be determined

Payment date

To be determined

Dividend Details (FY 2019)

Dividend

SAR 71.17 mln

Percentage of capital

10% (SAR 1 per share)

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Valuation Data (Latest Share Price)

P/E (TTM) 23.56
P/E Before Unusual Items (TTM) 23.56
P/BV 3.39
Dividend Yield 1.90 %
Market Cap. (M) 6,540.52
Return on Average Assets 9.61 %
Return on Average Equity 14.91 %

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