ARDCO approves 5% cash dividend for H2 2019

20/04/2020 Argaam Exclusive

Arriyadh Development Co.’s (ARDCO) shareholders approved the board’s recommendation to distribute a 5% cash dividend, or SAR 0.50 per share, for the second half of 2019, during the ordinary general meeting (OGM) held on April 19, according to a bourse filing on Monday.

Dividend Details (H2 2019)

Current Capital

SAR 1.78 bln

Number of shares

177.78 mln

Dividend

SAR 88.88 mln

Percentage of capital

5% (SAR 0.50 per share)

Record date

April 19, 2020 (including those registered at the Securities Depository Center two days after this date)

Payment date

To be determined

Dividend Details (FY 2019)

Dividend

SAR 159.99 mln

Percentage of capital

9% (SAR 0.90 per share)

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

 

They also approved the cash dividends distributed for the first half of 2019.

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26.90
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Valuation Data (Latest Share Price)

P/E (TTM) 13.43
P/E Before Unusual Items (TTM) 13.93
P/BV 1.95
Dividend Yield 3.55 %
Market Cap. (M) 4,782.28
Return on Average Assets 13.02 %
Return on Average Equity 15.20 %

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