Sipchem board recommends 5% cash dividend for 2020

15/12/2020 Argaam Exclusive

Sahara International Petrochemical Co.'s (Sipchem) board of directors recommended, today, Dec. 15, a 5% cash dividend at SAR 0.50 a share, totaling SAR 366.7 million, for the fiscal year 2020.

 

Dividend Details (FY2020)

Current Capital

SAR 7.333 bln

Number of shares

733.33 mln

Dividend

SAR 366.67 mln

Percentage of capital

5% (SAR 0.5 per share)

Record date

Dec. 24, 2020 (Including registered shareholders at the Securities Depository Center (Edaa) at the end of second trading day following due date)

Payment date

Jan. 6, 2021

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Valuation Data (Latest Share Price)

P/E (TTM) 31.81
P/E Before Unusual Items (TTM) 57.80
P/BV 1.15
Dividend Yield 5.81 %
Market Cap. (M) 17,966.59
Return on Average Assets 2.53 %
Return on Average Equity 3.58 %

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