Tawuniya plans 8% cash dividend for 2020

06/04/2021 Argaam Exclusive

The Company for Cooperative Insurance’s (Tawuniya) board of directors recommended, on April 5, 2021, an 8% cash dividend for 2020, at SAR 0.80 per share, amounting to SAR 100 million.

Dividend Details (2020)
Current Capital	SAR 1.25 bln
Number of shares	125 mln
Dividend	SAR 100 mln
Percentage of capital	8% (SAR 0.80 per share)
Record date	Shareholders who own the company’s shares at the end of the general assembly meeting and are registered with the Securities Depository Centre (Edaa) at the end of second trading day following the general assembly meeting, date of which will be announced later.
Payment date	To be determined

According to data compiled by Argaam, the dividend distribution is the first for the company since 2016.

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
06/04/2021	29/04/2021	09/05/2021	100.00	0.67	FY 2020
15/02/2017	21/03/2017	27/03/2017	500.00	3.33	The General Assembly approved 50% cash dividend FY-2016
21/02/2016	21/03/2016	24/03/2016	100.00	0.67	The General Assembly approved 10 % cash dividend FY-2015
11/02/2015	16/03/2015	19/03/2015	145.00	0.97	The General Assembly approved 14.5% cash dividends for year 2014.
06/02/2012	12/03/2012	17/03/2012	262.50	1.75	The General Assembly approved 35% cash dividend for FY2011
12/02/2011	30/03/2011	06/04/2011	150.00	1.00	The General Assembly approved 30% cash dividend for FY2010
01/02/2010	09/03/2010	31/03/2010	200.00	1.33	The General Assembly approved 40% cash dividend for FY2009
07/02/2009	10/03/2009	26/03/2009	100.00	0.67	The General Assembly approved 20% cash dividend for FY2008
04/02/2008	11/03/2008	09/04/2008	500.00	3.33	The General Assembly approved 100% cash dividend for FY2007
06/02/2007	03/03/2007	17/03/2007	500.00	3.33	The General Assembly approved 100% cash dividend for FY2006

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	0.67	77.75	0.86 %
Last 5 Financial years	4.00	53.30	7.50 %
Last 10 Financial years	7.38	35.75	20.65 %

Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	20.60
P/E Before Unusual Items (TTM)	20.60
P/BV	4.52
Dividend Yield	0.77 %
Market Cap. (M)	19,440.00
Return on Average Assets	4.78 %
Return on Average Equity	24.04 %

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

×