Aslak plans 10% dividend for H2 2020

17/02/2021 Argaam Exclusive

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

 

In September 2020, the company decided to distribute 10% cash dividend, at SAR 1 per share, from the new capital after capital cut, for H2 2019 and H1 2020, according to data compiled by Argaam.

Dividend Details (H2 2020)

Current Capital

SAR 351 mln

Number of shares

35.1 mln

Dividend

SAR 35.1 mln

Percentage of capital

10% (SAR 1 per share)

Record date

Feb. 21 including shareholders registered at Edaa on the second day following this date

Payment date

March 3, 2021

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29.10
0.10 0.34 %

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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