Southern Cement to vote on 25% cash dividend for H2 2020 on April 11

15/03/2021 Argaam Exclusive

Shareholders of Southern Province Cement Co. will vote on the board of directors’ proposal for a 25% cash dividend, or SAR 2.5 a share, for H2 2020 during the ordinary general meeting scheduled for April 11, 2021, the company said in a bourse filing.

 

Shareholders will also vote on authorizing the board to pay interim dividends on a semi-annual basis for FY 2021.Shareholders of Southern Province Cement Co. will vote on the board of directors’ proposal for a 25% cash dividend, or SAR 2.5 a share, for H2 2020 during the ordinary general meeting scheduled for April 11, 2021, the company said in a bourse filing.

 

Shareholders will also vote on authorizing the board to pay interim dividends on a semi-annual basis for FY 2021.

Dividend Details

Current Capital

SAR 1.4 bln

Number of shares

140 mln shares

Dividend  

SAR 350 mln

Percentage of capital

25% (equivalent to SAR 2.5 per share)

Record date

April 11, 2021 (Shareholders Registered in Edaa by the close of the trading day after the record date)

Payment date

April 25, 2021

 

Dividend Details (2020)

Dividend

SAR 665 mln

Percentage of capital

47.5% (equivalent to SAR 4.75 per share)

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
03/03/2021 11/04/2021 25/04/2021 350.00 2.50
23/07/2020 09/08/2020 23/08/2020 315.00 2.25
05/03/2020 05/04/2020 19/04/2020 315.00 2.25
05/08/2019 30/09/2019 06/10/2019 175.00 1.25
07/03/2019 18/04/2019 01/05/2019 140.00 1.00
08/08/2018 30/09/2018 14/10/2018 140.00 1.00
07/03/2018 17/04/2018 29/04/2018 70.00 0.50
10/07/2017 31/07/2017 01/10/2017 140.00 1.00
16/02/2017 20/04/2017 30/04/2017 315.00 2.25
25/07/2016 25/07/2016 04/08/2016 350.00 2.50
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 10.25 48.38 21.19 %
Last 5 Financial years 16.50 70.00 23.57 %
Last 10 Financial years 47.75 61.75 77.33 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

36.60
(0.40) (1.08 %)
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Valuation Data (Latest Share Price)

P/E (TTM) 24.56
P/E Before Unusual Items (TTM) 26.73
P/BV 1.53
Dividend Yield 2.35 %
Market Cap. (M) 5,124.00
Return on Average Assets 5.11 %
Return on Average Equity 6.32 %

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