Petrochem shareholders to vote on 7.5% cash dividend for 2020 on April 20

30/03/2021 Argaam Exclusive

National Petrochemical Co.'s (Petrochem) shareholders are set to vote on the board's recommendation on distributing a 7.5% cash dividend for 2020, at SAR 0.75 per share, during the ordinary general meeting that will be held on April 20, 2021, the company said in a bourse statement today, March 30, 2021.

 

Dividend Details (2020)

Current Capital

SAR 4.8 bln

Number of shares

480 mln

Dividend

SAR 360 mln

Percentage of capital

7.5% (SAR 0.75 per share)

Record date

Shareholders of record at the end of trading on the upcoming general meeting date Including shareholders registered in the company’s register at the Securities Depository Center (Edaa) at the end of the second trading day following the general meeting date

Payment date

To be set later

 

Shareholders will also vote on authorizing the board to distribute interim dividends on a semi-annual or quarterly basis for 2021, as well as set the maturity and payment dates according to regulations.

 

In addition, they will ratify board and auditor reports, and financial statements for 2020, as well as absolve the board members from liability for last year.

 

Shareholders can vote on agenda items as of April 18, 2021, through the Tadawulaty services.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
09/03/2021 20/04/2021 05/05/2021 360.00 0.75
05/03/2020 16/04/2020 28/04/2020 240.00 0.50
26/02/2019 07/04/2019 16/04/2019 240.00 0.50
08/03/2018 16/04/2018 29/04/2018 240.00 0.50
13/03/2017 17/04/2017 27/04/2017 240.00 0.50
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 1.75 18.37 9.53 %
Last 5 Financial years 2.75 16.52 16.65 %
Last 10 Financial years 2.75 22.15 12.42 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

45.45
(0.60) (1.30 %)

Valuation Data (Latest Share Price)

P/E (TTM) 15.96
P/E Before Unusual Items (TTM) 15.96
P/BV 2.39
Dividend Yield -
Market Cap. (M) 21,816.00
Return on Average Assets 15.26 %
Return on Average Equity 15.85 %

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