Shareholders of United International Transportation Co. Ltd. (Budget Saudi) will vote on a 5% cash dividend for the second half of 2019, at SAR 0.50 per share, in the general meeting that scheduled for June 15, 2020, the company said in a bourse statement on Sunday.
|
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 0.50 per share) |
|
Record date |
June 15 (By the close of the second trading day following the this date) |
|
Payment date |
To be determined |
|
Dividend Details (FY 2019) |
|
|
Dividend |
SAR 71.17 mln |
|
Percentage of capital |
10% (SAR 1 per share) |
Shareholders will also vote on authorizing the company’s board of directors to distribute cash dividend for FY 2020 on a semi-annual or a quarterly basis.
Other agenda items include a board remuneration of SAR 2.53 million for FY19, and discharging the board members from liabilities for the same fiscal year.
Budget Saudi had earlier cut the proposed dividend to 5% from 15% for H2 2019, to maintain liquidity, cash flows and normal operations during the lockdown period, in light of the precautionary measures adopted by the Kingdom to curb the COVID-19 outbreak.
| P/E (TTM) | 20.75 |
| P/E Before Unusual Items (TTM) | 20.75 |
| P/BV | 2.23 |
| Dividend Yield | 1.73 % |
| Market Cap. (M) | 5,784.58 |
| Return on Average Assets | 7.24 % |
| Return on Average Equity | 12.72 % |
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