Southern Cement plans 25% cash dividend for H2 2020

03/03/2021 Argaam Exclusive

Southern Province Cement Co.’s board of directors recommended a 25% cash dividend for the second half of 2020, at SAR 2.5 per share, amounting to SAR 350 million, the company said in a bourse statement.

Dividend Details (H2 2020)

Current Capital

SAR 1.4 bln

Number of shares

140 mln

Dividend

SAR 350 mln

Percentage of capital

25% (SAR 2.5 per share)

Record date

To be determined

Payment date

To be determined

Dividend Details (2020)

Dividend

SAR 665 mln

Percentage of capital

47.5% (SAR 4.75 per share)

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33.15
(0.35) (1.04 %)

Valuation Data (Latest Share Price)

P/E (TTM) 21.16
P/E Before Unusual Items (TTM) 22.93
P/BV 1.42
Dividend Yield 2.35 %
Market Cap. (M) 4,641.00
Return on Average Assets 5.39 %
Return on Average Equity 6.77 %

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