Qassim Cement board recommends 10% dividend for Q1 2020

04/05/2020 Argaam Exclusive

Qassim Cement Co.’s board of directors recommended a 10% cash dividend, at SAR 1 per share, for the first quarter of 2020, the company said in statement to Tadawul on Monday.

Dividend Details (FY 2019)

Current Capital

SAR 900 mln

Number of shares

90 mln

Dividend

SAR 90 mln

Percentage of capital

10% (SAR 1 per share)

Record date

May 5, 2020 (By the end of the second trading session following the assembly date for shareholders registered at the Securities Depository (Edaa))

Payment date

May 19, 2020

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51.40
(0.90) (1.72 %)

Valuation Data (Latest Share Price)

P/E (TTM) 28.99
P/E Before Unusual Items (TTM) 31.23
P/BV 2.01
Dividend Yield 3.32 %
Market Cap. (M) 5,682.73
Return on Average Assets 7.79 %
Return on Average Equity 8.78 %

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