stc shareholders to vote on additional 10% cash dividend for 2020 on April 26

05/04/2021 Argaam Exclusive

Saudi Telecom Co.’s (stc) shareholders are set to vote on the board's recommendation on distributing an additional 10% cash dividend, or SAR 1 per share, for 2020, during the extraordinary general meeting (EGM) to be held on April 26, 2021.

 

Dividend Details (2020)

Current Capital

SAR 20 bln

Number of shares

2 bln

Dividend

SAR 2 bln

Percentage of capital

10% (SAR 1 per share)

Record date

April 26, 2021 (Shareholders registered in the registry at the Securities Depository Center (Edaa) at the end of second trading day following the general assembly date)

Payment date

May 24, 2021

 

Dividend Details (2020)

Dividend

SAR 10 bln

Percentage of capital

50% (SAR 5 per share)

 

The company said in a statement on Tadawul that the agenda includes voting on elect members of the board of directors for the next session, starting April 28, 2021, for three years, ending on April 27, 2024.

 

The company announced in a separate statement that the dividend distribution for the fourth quarter of 2020 will be on May 24, 2021.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
21/01/2021 26/04/2021 24/05/2021 4,000.00 0.80
21/10/2020 28/10/2020 18/11/2020 2,000.00 0.40
22/07/2020 28/07/2020 25/08/2020 2,000.00 0.40
21/04/2020 28/04/2020 19/05/2020 2,000.00 0.40
22/01/2020 20/04/2020 11/05/2020 2,000.00 0.40
22/10/2019 29/10/2019 19/11/2019 2,000.00 0.40
22/07/2019 29/07/2019 26/08/2019 2,000.00 0.40
22/04/2019 05/05/2019 27/05/2019 2,000.00 0.40
16/12/2018 24/04/2019 16/05/2019 6,000.00 1.20
24/10/2018 29/10/2018 20/11/2018 2,000.00 0.40
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 6.00 27.27 22.00 %
Last 5 Financial years 9.20 26.98 34.10 %
Last 10 Financial years 14.70 17.16 85.66 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

40.00
0.05 0.13 %

Valuation Data (Latest Share Price)

P/E (TTM) 14.81
P/E Before Unusual Items (TTM) 16.51
P/BV 2.52
Dividend Yield 6.42 %
Market Cap. (M) 200,000.00
Return on Average Assets 8.50 %
Return on Average Equity 17.08 %

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