Saudi Cement approves 20% dividend for H2 2019

22/04/2020 Argaam Exclusive

Saudi Cement Co.'s shareholders approved yesterday the board's recommendation on paying cash dividend at 20% of capital, or SAR 2 a share, for H2 2019, the company said in a bourse statement.

Dividend Details (H2 2019)

Current Capital

SAR 1.5 bln

Number of shares

153 mln

Dividend

SAR 306 mln

Percentage of capital

20% (SAR 2 per share)

Record date

April 21, 2020

Payment date

May 5, 2020

Dividend Details (FY 2019)

Dividend

SAR 535.5 mln

Percentage of capital

35% (SAR 3.5 per share)

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42.85
(0.10) (0.23 %)

Valuation Data (Latest Share Price)

P/E (TTM) 16.18
P/E Before Unusual Items (TTM) 16.18
P/BV 3.10
Dividend Yield 4.75 %
Market Cap. (M) 6,556.05
Return on Average Assets 12.51 %
Return on Average Equity 19.34 %

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