Arabian Cement shareholders approve 12.5% dividend for H2 2020

12/04/2021 Argaam Exclusive

Shareholders of Arabian Cement Co. approved a board recommendation to distribute a 12.5% cash dividend, at SAR 1.25 per share, amounting to SAR 125 million for H2 2020, during the ordinary general assembly meeting (OGM) held on April 11, 2021. 

  

Dividend Details for H2 2020 

Current Capital 

SAR 1 bln 

Number of shares 

100 mln 

Dividend 

SAR 125 mln 

Percentage of capital 

12.5% (SAR 1.25 per share) 

Record date 

April 11, 2021 (Shareholders 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 

May 2, 2021 

 

Meanwhile, the OGM approved authorizing the board of directors to distribute interim cash dividends on semi-annual or quarterly basis for 2021.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
01/03/2021 11/04/2021 02/05/2021 125.00 1.25
26/07/2020 10/08/2020 26/08/2020 100.00 1.00
02/03/2020 19/04/2020 07/05/2020 100.00 1.00
04/08/2019 05/08/2019 29/08/2019 75.00 0.75
03/03/2019 07/04/2019 25/04/2019 100.00 1.00
19/02/2018 08/04/2018 26/04/2018 100.00 1.00
25/09/2017 03/12/2017 19/12/2017 200.00 2.00
09/08/2017 10/08/2017 27/08/2017 100.00 1.00
20/02/2017 18/04/2017 04/05/2017 200.00 2.00
18/07/2016 21/07/2016 25/08/2016 200.00 2.00
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 5.00 34.30 14.58 %
Last 5 Financial years 13.00 47.51 27.36 %
Last 10 Financial years 29.70 27.36 108.55 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Arabian Cement Co.
26.10
0.35 1.36 %

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Valuation Data (Latest Share Price)

P/E (TTM) 17.97
P/E Before Unusual Items (TTM) 20.43
P/BV 1.02
Dividend Yield 4.35 %
Market Cap. (M) 2,615.00
Return on Average Assets 4.60 %
Return on Average Equity 5.62 %

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