SABIC Agri-Nutrients shareholders approve 10% dividend for H2 2020

12/04/2021 Argaam Exclusive

SABIC Agri-Nutrients Co.’s shareholders approved the board’s recommendation to distribute 10% cash dividend for second half of 2020, at SAR 1 per share, during the ordinary general assembly meeting (OGM) held on April 11, 2021.

 

Dividend Details (H2 2020) 

Current Capital 

SAR 4.7604 bln 

Number of shares 

476.04 mln  

Dividend 

SAR 476.04 mln 

Percentage of capital 

10% (SAR 1 per share) 

Record date  

April 11, 2021 (Shareholders registered with the Securities Depository Center at the end of the second trading day following the due date) 

Payment date  

April 25, 2021

Dividend Details (2020) 

Dividend 

SAR 892.7 mln 

Percentage of capital 

20% (SAR 2 per share) 

 

Shareholders also agreed to authorize the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2021.

 

Shareholders ratified the board and auditor reports, and financial statements for 2020, as well approved payment of SAR 1.4 million in board remuneration for last year.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
15/12/2020 11/04/2021 25/04/2021 476.04 1.14
14/05/2020 21/06/2020 05/07/2020 416.67 1.00
16/12/2019 29/03/2020 12/04/2020 625.00 1.50
19/05/2019 16/07/2019 30/07/2019 625.00 1.50
17/12/2018 07/04/2019 21/04/2019 625.00 1.50
10/06/2018 25/07/2018 08/08/2018 416.67 1.00
21/02/2018 19/03/2018 02/04/2018 416.67 1.00
27/08/2017 11/09/2017 26/09/2017 312.50 0.75
15/02/2017 29/03/2017 12/04/2017 416.67 1.00
19/06/2016 26/06/2016 17/07/2016 625.00 1.50
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 9.39 76.70 12.25 %
Last 5 Financial years 13.64 76.31 17.88 %
Last 10 Financial years 45.74 104.40 43.81 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

112.00
1.20 1.08 %

Valuation Data (Latest Share Price)

P/E (TTM) 15.91
P/E Before Unusual Items (TTM) 15.31
P/BV 2.86
Dividend Yield 4.34 %
Market Cap. (M) 53,316.48
Return on Average Assets 13.71 %
Return on Average Equity 18.53 %

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