Petrochem shareholders approve 7.5% cash dividend for 2020

21/04/2021 Argaam Exclusive

National Petrochemical Co.'s (Petrochem) shareholders approved a board recommendation to distribute 7.5% cash dividend, at SAR 0.75 per share, for 2020, during the ordinary general assembly meeting (OGM) held on April 20, 2021.

 

Dividend Details 

Current Capital 

SAR 4.8 bln 

Number of shares 

480 mln 

Dividend 

SAR 360 mln 

Percentage of capital 

7.5% (equivalent to SAR 0.75 per share) 

Record date 

April 20, 2021 (Shareholders  registered with the Securities Depository Center (Edaa) at the end of the second day)

Payment date

May 5, 2021

 

Meanwhile, shareholders also approved authorizing the board of directors to distribute dividends for 2021 on a semi-annual or a quarterly basis and determining the record and payment dates, in accordance with controls and regulatory procedures issued under the Companies Law.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
09/03/2021 20/04/2021 05/05/2021 360.00 0.75
05/03/2020 16/04/2020 28/04/2020 240.00 0.50
26/02/2019 07/04/2019 16/04/2019 240.00 0.50
08/03/2018 16/04/2018 29/04/2018 240.00 0.50
13/03/2017 17/04/2017 27/04/2017 240.00 0.50
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 1.75 18.37 9.53 %
Last 5 Financial years 2.75 16.52 16.65 %
Last 10 Financial years 2.75 22.15 12.42 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

45.45
(0.60) (1.30 %)

Valuation Data (Latest Share Price)

P/E (TTM) 15.96
P/E Before Unusual Items (TTM) 15.96
P/BV 2.39
Dividend Yield -
Market Cap. (M) 21,816.00
Return on Average Assets 15.26 %
Return on Average Equity 15.85 %

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