STC to pay 10% dividend for Q2 2020

22/07/2020 Argaam Exclusive

Saudi Telecom Co.’s (STC) board of directors will distribute a 10% cash dividend to shareholders for the second quarter of 2020, at SAR 1 per share, amounting to SAR 2 billion, according to a bourse statement on Wednesday.

Dividend Details (Q2 2020)

Current Capital

SAR 20 bln

Number of shares

2 bln

Dividend

SAR 2 bln

Percentage of capital

10% (SAR 1 per share)

Record date

July 28, 2020 (including shareholders registered at the Securities Depository Center two days after this date)

Payment date

August 25, 2020

Dividend for H1 2020

Total dividend

SAR 4 bln

Percentage of capital

20% (SAR 2/share)

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39.75
(0.25) (0.63 %)

Valuation Data (Latest Share Price)

P/E (TTM) 14.71
P/E Before Unusual Items (TTM) 16.41
P/BV 2.51
Dividend Yield 6.42 %
Market Cap. (M) 198,750.00
Return on Average Assets 8.50 %
Return on Average Equity 17.08 %

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