City Cement’s board of directors recommended on Nov. 5, 2020, a cash dividend at 10% of capital, or SAR 1 a share, for H1 2020, the company said in a bourse statement.
The cash dividend will be financed from retained earnings, the statement added.
The cement producer’s extraordinary general meeting (EGM) approved a 26% capital cut from SAR 1.89 billion to SAR 1.4 billion, due to capital surplus, Argaam reported.
|
Dividend Details (H1 2020) |
|
|
Current Capital |
SAR 1.4 bln |
|
Number of shares |
140 mln |
|
Dividend |
SAR 140 mln |
|
Percentage of capital |
10% (SAR 1 per share) |
|
Record date |
Nov. 11, 2020 (Shareholders of record at the end of second trading day following the due date) |
|
Payment date |
Later |
| P/E (TTM) | 19.18 |
| P/E Before Unusual Items (TTM) | 19.18 |
| P/BV | 1.41 |
| Dividend Yield | 3.86 % |
| Market Cap. (M) | 2,469.60 |
| Return on Average Assets | 6.96 % |
| Return on Average Equity | 7.35 % |
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