National Learning shareholders approve 8% cash dividend for FY2020/21

10/01/2022 Argaam Exclusive

Shareholders of National Company for Learning & Education (NCLE) approved the board's recommendation on paying a cash dividend at 8% of capital, or SAR 0.80 a share, totaling SAR 34.4 million, for the fiscal year ended Aug. 31, 2021.

 

This came during the ordinary general meeting (OGM) held on Jan. 9, 2022, the company said in a bourse filing.

 

Dividend Details (FY2020/21)

Current capital

SAR 430 mln

Number of shares

43 mln

Dividend

SAR 34.4 mln

Percentage of capital

8% (equivalent to SAR 0.8 per share)

Record date

Jan. 9, 2022 (For those registered in the shareholders’ registry at Edaa at the end of the second trading day following due date)

Payment date

Jan. 20, 2022

 

Shareholders also approved the board and auditor reports as well as the financial statements for the fiscal year ended Aug. 31, 2021. 

 

In addition, they also authorized the board of directors to distribute interim dividends on a quarterly or semi-annual basis for the same period.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
18/11/2021 09/01/2022 20/01/2022 34.40 0.80
22/11/2020 13/01/2021 24/01/2021 34.40 0.80
06/11/2019 25/12/2019 14/01/2020 34.40 0.80
29/11/2018 20/02/2019 07/03/2019 17.20 0.57
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 2.80 29.00 9.66 %
Last 5 Financial years 4.17 20.00 20.87 %
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

Valuation Data (Latest Share Price)

P/E (TTM) 58.36
P/E Before Unusual Items (TTM) 58.36
P/BV 11.61
Dividend Yield 1.00 %
Market Cap. (M) 9,210.60
Return on Average Assets 11.99 %
Return on Average Equity 21.07 %

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