Electrical Industries board recommends 5% cash dividend for 2020

17/03/2021 Argaam Exclusive

Electrical Industries Co.’s board of directors recommended, during a meeting on March 16, 2021, a 5% cash dividend at SAR 0.50 a share, totaling SAR 22.5 million, for 2020.

Dividend Details (2020)

Current Capital

SAR 450 mln

Number of shares

45 mln

Dividend

SAR 22.5 mln

Percentage of capital

5% (SAR 0.5 per share)

Record date

Shareholders who own shares at the end of the day of general assembly and who are registered at Securities Depository Center (Edda) by the end of the second trading day following the date of the meeting. The date of the forthcoming general assembly meeting will be announced later after acquiring the necessary approvals.

Payment date

To be announced later

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
17/03/2021 26/04/2021 09/05/2021 22.50 0.02
21/03/2018 13/05/2018 27/05/2018 45.00 0.04
14/03/2017 25/04/2017 11/05/2017 40.50 0.04
19/11/2015 30/11/2015 14/12/2015 22.50 0.02
21/04/2015 14/05/2015 31/05/2015 22.50 0.02
30/12/2014 20/04/2015 06/05/2015 45.00 0.04
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 0.02 0.84 2.38 %
Last 5 Financial years 0.10 1.39 6.92 %
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 25.52
P/E Before Unusual Items (TTM) 23.53
P/BV 10.77
Dividend Yield 5.28 %
Market Cap. (M) 9,101.25
Return on Average Assets 18.02 %
Return on Average Equity 46.57 %

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