Kingdom Holding plans 1.25% quarterly cash dividends for 2021

31/03/2021 Argaam Exclusive

Kingdom Holding Co.'s board of directors, in a meeting held today, March 31, approved the distribution of quarterly cash dividends for 2021.

 

It will be financed from retained earnings, at 12.5 halalas per share, or 1.25% of the stock par value, totaling 5% (SAR 0.50 per share) for the full year, according to a bourse filing.

 

Dividend Details (2021)

Current Capital

SAR 37.058 bln

Number of shares

3.706 bln shares

Quarterly Dividend

SAR 163.9 mln

Percentage of capital

1.25% (equivalent to 12.5 halalas per share)

Record date for first payment

April, 1 2021

Record date for second payment

June 30, 2021

Record date for third payment

Sept. 30, 2021

Record date for fourth payment

Dec. 31, 2021

Payment date

10 working days after the second trading day following the record date

 

The company explained that chairman Prince Alwaleed bin Talal Bin Abdulaziz Al Saud gave up his full entitlement of shares of the proposed annual cash distributions, which totaled 34 halalas per share (SAR 1.197 billion), or 8.50 halalas per share (SAR 299.2 million of quarterly profits).

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
31/03/2021 01/04/2021 15/04/2021 463.24 0.13
31/03/2021 30/06/2021 14/07/2021 463.24 0.13
31/03/2021 30/09/2021 14/10/2021 463.24 0.13
31/03/2021 30/12/2021 13/01/2022 463.24 0.13
31/03/2020 31/12/2020 14/01/2021 463.24 0.13
31/03/2020 30/09/2020 14/10/2020 463.24 0.13
31/03/2020 30/06/2020 14/07/2020 463.24 0.13
31/03/2020 31/03/2020 14/04/2020 463.24 0.13
28/03/2019 31/03/2019 15/04/2019 463.24 0.13
28/03/2019 30/06/2019 15/07/2019 463.24 0.13
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 1.50 8.67 17.30 %
Last 5 Financial years 2.50 15.79 15.83 %
Last 10 Financial years 5.00 8.20 60.97 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

9.15
0.24 2.69 %

Valuation Data (Latest Share Price)

P/E (TTM) 25.60
P/E Before Unusual Items (TTM) 31.97
P/BV 0.90
Dividend Yield 3.92 %
Market Cap. (M) 33,908.82
Return on Average Assets 2.51 %
Return on Average Equity 3.87 %

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