stc shareholders approve additional 10% cash dividend for 2020

27/04/2021 Argaam Exclusive

stc shareholders approved a 10% cash dividend for 2020, at SAR 1 per share, amounting to SAR 2 billion, during the extraordinary general meeting (EGM) held on April 26, 2021.

 

Dividend Details

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 by the close of trading on May 4, 2021, and registered shareholders in Edaa on the second day after the record date.)

Payment date

May 24, 2021

 

Total Dividend for 2020

Total Dividend

   SAR 10 bln

Percentage of capital 

   50% (SAR 5 a share)

 

The company said in a bourse statement that shareholders also approved electing the members of the board of directors for the new three-year term, starting April 28, 2021.

 

The members are Prince Mohammed Al-Faisal, Khaled Biyari, Mohammed Al-Nahhas, Yazeed A. AlHumied, Rania Nashar, Sanjay Kapoor, Arndt Rautenberg, Sarah Al-Suhaimi, Ahmed Al-Omran, Jameel Al-Molhem, and Waleed Shukri.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
22/04/2021 04/05/2021 31/05/2021 2,000.00 0.40
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
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

39.95
0.15 0.38 %

Valuation Data (Latest Share Price)

P/E (TTM) 14.79
P/E Before Unusual Items (TTM) 16.49
P/BV 2.52
Dividend Yield 6.42 %
Market Cap. (M) 199,750.00
Return on Average Assets 8.50 %
Return on Average Equity 17.08 %

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