Saudi Electricity plans 7% dividend for FY2019

21/04/2020 Argaam Exclusive

Saudi Electricity Co.’s (SEC) board of directors recommended a 7% cash dividend for the fiscal year 2019, at SAR 0.7 per share, amounting to SAR 749.3 million.

 

Earlier today, the company said that the Public Investment Fund (PIF) waived its share in SEC’s dividend for the fiscal year 2019, according to data compiled by Argaam.

 

Dividend Details (2019)

Current Capital

SAR 41.666 bln

Number of shares

4.1666 bln

Dividend*

SAR 749.3 bln

Percentage of capital

7% (SAR 0.7 per share)

Record date

General assembly meeting (including those registered at the Securities Depository Center two days after this date, are eligible to receive the dividend)

Payment date

To be determined

* The number of eligible shares 1.07 bln shares.

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16.78
(0.08) (0.47 %)

Valuation Data (Latest Share Price)

P/E (TTM) 19.78
P/E Before Unusual Items (TTM) 22.83
P/BV 0.75
Dividend Yield 3.69 %
Market Cap. (M) 69,915.38
Return on Average Assets 0.67 %
Return on Average Equity 3.81 %

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