Aslak plans 10% dividend for H2 2019, H1 2020

16/09/2020 Argaam Exclusive

United Wire Factories Co.’s (Aslak) board of directors recommended a 10% cash dividend for the second half of 2019 and the first half of 2020, at SAR 1 per share, the company said in a bourse statement.

 

In July, the company’s shareholders approved a 20% capital cut to SAR 351 million from SAR 438.75 million on having a capital surplus, Argaam reported.

Dividend Details (H2 2019)

Current Capital

SAR 351 mln

Number of shares

35.1 mln

Dividend

SAR 14.96 mln, representing the balance of retained earnings

Percentage of capital

4.26% (equivalent to SAR 0.426 per share)

Dividend Details (H1 2020)

Dividend

SAR 20.14 mln

Percentage of capital

5.74% (equivalent to SAR 0.574 per share)

Total Dividend

Dividend

SAR 35.10 mln

Percentage of capital

10% (equivalent to SAR 1 per share)

Record date

Sept. 27, 2020 (including those registered at the Securities Depository Center two days after this date)

Payment date

Oct. 8, 2020

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29.10
0.50 1.75 %

Valuation Data (Latest Share Price)

P/E (TTM) 36.22
P/E Before Unusual Items (TTM) 36.22
P/BV 2.12
Dividend Yield 3.34 %
Market Cap. (M) 817.13
Return on Average Assets 4.71 %
Return on Average Equity 5.80 %

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