Eastern Cement shareholders to vote on 25% dividend for 2020 on April 11

14/03/2021 Argaam Exclusive

Eastern Province Cement Co.’s shareholders are set to vote on a 25% cash dividend, at SAR 2.5 per share, for the fiscal year 2020, during the ordinary general assembly meeting to be held on April 11.

Dividend Details (2020)
Current Capital	SAR 860 mln
Number of shares	86 mln
Dividend	SAR 215 mln
Percentage of Capital	25% (SAR 2.5 per share)
Record date	April 11, 2021 (Shareholders registered with the Securities Depository Centre (Edaa) at the end of the second trading day following the general assembly meeting)
Payment date	April 28, 2021

Shareholders will also vote on delegating the board of directors to distribute interim dividends on semi-annual or quarterly basis for FY2021.

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
07/03/2021	11/04/2021	28/04/2021	215.00	2.50	FY 2020
18/03/2020	14/04/2020	27/04/2020	129.00	1.50	FY-2019
19/03/2019	30/04/2019	15/05/2019	64.50	0.75	The General Assembly approved 7.5 % cash dividend FY-2018
21/03/2018	08/05/2018	24/05/2018	86.00	1.00	The General Assembly approved 10 % cash dividend FY-2017
14/02/2017	10/04/2017	27/04/2017	129.00	1.50	The General Assembly approved 15% cash dividend FY-2016
23/02/2016	29/03/2016	17/04/2016	215.00	2.50	The General Assembly approved 25% cash dividend FY-2015
15/02/2015	31/03/2015	14/04/2015	215.00	2.50	The General Assembly approved 25% cash dividends for year 2014
13/02/2014	19/03/2014	02/04/2014	301.00	3.50	The General Assembly approved 35% cash dividend for FY2013
17/02/2013	17/03/2013	27/03/2013	344.00	4.00	The General Assembly approved 40% cash dividend for FY2012
12/02/2012	18/03/2012	28/03/2012	301.00	3.50	The General Assembly approved 35% cash dividend for FY2011

Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend	Cash dividend per share (SAR)	* The stock price at the beginning of the period (SAR)	Return on the base price
Last 3 Financial years	6.50	20.50	31.71 %
Last 5 Financial years	8.25	34.64	23.82 %
Last 10 Financial years	22.25	55.00	40.45 %

Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	13.39
P/E Before Unusual Items (TTM)	11.67
P/BV	1.21
Dividend Yield	4.20 %
Market Cap. (M)	2,936.90
Return on Average Assets	7.70 %
Return on Average Equity	9.18 %

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