Electrical Industries shareholders approve 5% dividend for 2020

27/04/2021 Argaam Exclusive

Electrical Industries Co.’s shareholders approved the distribution of cash dividend at SAR 0.5 per share, or 5% of capital, totaling SAR 22.5 million for 2020, during an ordinary general meeting held on April 26, 2021.

 

Dividend Details (2020)

Current Capital

SAR 450 mln

Number of shares

45 mln shares

Dividend 

SAR 22.5 mln

Percentage of capital

5% (equivalent to SAR 0.50 per share)

Record date

April 26, 2021 (Shareholders registered at the Securities Depository Center (Edaa) on the second day following the general assembly date)

Payment date

May 9, 2021

 

Shareholders also approved the board and auditors' reports and consolidated financial statements for 2020.

 

This is the first distribution since the company last distributed dividend for 2017. It did not pay dividends for 2018 and 2019, according to the data available with Argaam.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
17/03/2021 26/04/2021 09/05/2021 22.50 0.02
21/03/2018 13/05/2018 27/05/2018 45.00 0.04
14/03/2017 25/04/2017 11/05/2017 40.50 0.04
19/11/2015 30/11/2015 14/12/2015 22.50 0.02
21/04/2015 14/05/2015 31/05/2015 22.50 0.02
30/12/2014 20/04/2015 06/05/2015 45.00 0.04
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 0.02 0.84 2.38 %
Last 5 Financial years 0.10 1.39 6.92 %
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

7.88
(0.18) (2.23 %)

Valuation Data (Latest Share Price)

P/E (TTM) 24.86
P/E Before Unusual Items (TTM) 22.92
P/BV 10.49
Dividend Yield 5.28 %
Market Cap. (M) 8,865.00
Return on Average Assets 17.69 %
Return on Average Equity 46.57 %

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