Advanced shareholders approve Q4 2020 cash dividend at 6.5%

31/03/2021 Argaam Exclusive

Shareholders of Advanced Petrochemical Co. (Advanced) approved Q4 2020 cash dividend at 6.5%, or SAR 0.65 per share, in the extraordinary general meeting held on March 30, 2021.

Dividend Details (Q4 2020)

Current Capital

SAR 2.1647 bln

Number of shares

216.47 mln

Dividend

SAR 140.7 mln

Percentage of capital

6.5% (SAR 0.65 per share)

Record date

March 30, 2021

Payment date

To be announced later

 

Dividend for 2020

Total dividend

SAR 562.8 mln

Percentage of capital

26% (SAR 2.60 per share)

 

The shareholders also authorized the board of directors to pay interim dividend on a quarterly or semi-annual basis for 2021.

 

They also approved the board’s recommendation to discontinue setting aside 10% of net profit to the statutory reserve, as it reached 30% of capital and to allocate 10% of net profit to the consensual reserve.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
31/03/2021 20/05/2021 31/05/2021 140.70 0.54
22/12/2020 30/03/2021 20/04/2021 140.70 0.54
29/09/2020 20/10/2020 09/11/2020 140.70 0.54
24/06/2020 30/06/2020 23/07/2020 140.70 0.54
01/04/2020 23/04/2020 14/05/2020 140.70 0.54
09/12/2019 31/03/2020 20/04/2020 140.70 0.54
13/10/2019 17/10/2019 06/11/2019 140.70 0.54
26/05/2019 30/06/2019 18/07/2019 137.80 0.53
20/03/2019 31/03/2019 18/04/2019 137.80 0.53
18/12/2018 19/03/2019 08/04/2019 137.80 0.53
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 6.43 34.58 18.59 %
Last 5 Financial years 10.51 23.64 44.47 %
Last 10 Financial years 18.07 14.46 124.91 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

34.60
(0.35) (1.00 %)

Valuation Data (Latest Share Price)

P/E (TTM) More than 100
P/E Before Unusual Items (TTM) More than 100
P/BV 2.80
Dividend Yield 0.00 %
Market Cap. (M) 8,996.00
Return on Average Assets 0.43 %
Return on Average Equity 1.61 %

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