Saudi Electricity shareholders to vote on 7% dividend for 2020 on April 27

05/04/2021 Argaam Exclusive

Saudi Electricity Co.'s (SEC) shareholders will vote on the board's recommendation of distributing 7% cash dividend, at SAR 0.70 per share, for 2020 during the ordinary general meeting (OGM) slated on April 27, 2021.

Dividend Details (2020)

Current Capital

SAR 41.666 bln

Number of shares

4.1666 bln

Dividend*

SAR 2.916 bln

Percentage of capital

7% (SAR 0.70 per share)

Record date

By the close of trading on the general meeting date for the shareholders registered at the Securities Depository Center (Edaa) on the second day after the record date.

Payment date

To be determined

 

Shareholders will also approve the board and auditor reports and financial statements for 2020.

 

They will vote on payment of SAR 892,500 remuneration to board members for 2020, as well as increasing the audit committee members to five from four.

 

Shareholders will vote on the agenda items as of April 23, 2021, through the Tadawulaty services.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
30/03/2021 27/04/2021 20/05/2021 2,916.62 0.70
21/04/2020 02/06/2020 16/06/2020 749.30 0.70
13/03/2019 30/04/2019 12/05/2019 749.30 0.70
21/03/2018 25/06/2018 17/07/2018 547.00 0.70
21/02/2017 19/04/2017 30/04/2017 547.00 0.70
23/02/2016 25/04/2016 08/05/2016 547.00 0.70
24/02/2015 20/04/2015 03/05/2015 547.00 0.70
25/02/2014 15/04/2014 27/04/2014 547.00 0.70
24/02/2013 15/04/2013 27/04/2013 547.00 0.70
19/02/2012 02/04/2012 14/04/2012 547.00 0.70
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 2.10 20.68 10.15 %
Last 5 Financial years 3.50 15.61 22.42 %
Last 10 Financial years 7.00 14.05 49.82 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

16.78
(0.08) (0.47 %)

Valuation Data (Latest Share Price)

P/E (TTM) 19.78
P/E Before Unusual Items (TTM) 22.83
P/BV 0.75
Dividend Yield 3.69 %
Market Cap. (M) 69,915.38
Return on Average Assets 0.67 %
Return on Average Equity 3.81 %

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