GASCO shareholders approve 5% dividend for 2020

23/06/2021 Argaam Exclusive

National Gas and Industrialization Co.'s (GASCO) shareholders approved the board’s recommendation to distribute 5% cash dividend for 2020, or SAR 0.5 per share, amounting to SAR 37.5 million, during the ordinary general meeting (OGM) held on June 22.

Dividend Details (2020)

Current Capital

SAR 750 mln

Number of shares

75 mln

Dividend

SAR 37.5 mln

Percentage of capital

5% (SAR 0.5 per share)

Record date

June 22 (Shareholders registered at Edaa on the second day following this date)

Payment date

To be determined

Shareholders also authorized the company’s board to distribute interim dividend for 2021 on a semi-annual or quarterly basis, in accordance with the company’s position, cash flows and future plans.

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Valuation Data (Latest Share Price)

P/E (TTM) 33.74
P/E Before Unusual Items (TTM) 33.74
P/BV 4.06
Dividend Yield 2.94 %
Market Cap. (M) 7,860.00
Return on Average Assets 9.16 %
Return on Average Equity 12.23 %

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