Saudi Electricity Co.’s (SEC) shareholders approved the board’s recommendation to distribute a 7% cash dividend, at SAR 0.70 per share, for the fiscal year of 2019, during the extraordinary general meeting (EGM) held on June 2, according to a bourse filing on Wednesday.
|
Dividend Details (FY2019) |
|
|
Current Capital |
SAR 41.666 bln |
|
Number of shares |
4.1666 bln |
|
Dividend* |
SAR 749.3 bln |
|
Percentage of capital |
7% (equivalent to SAR 0.70 per share) |
|
Record date |
June 2, 2020 (Shareholders registered at the Security Depository Center (Edaa) by June 4, 2020) |
|
Payment date |
June 16, 2020 |
* Number of outstanding shares amounting to 1.070 million
In April, the Public Investment Fund (PIF) waived its share in SEC’s dividend for FY2019 to restructure the company and the electricity sector, Argaam reported.
| P/E (TTM) | 24.97 |
| P/E Before Unusual Items (TTM) | 22.01 |
| P/BV | 0.79 |
| Dividend Yield | 3.69 % |
| Market Cap. (M) | 68,915.40 |
| Return on Average Assets | 0.54 % |
| Return on Average Equity | 3.18 % |
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