Eastern Cement board approves 11% cash dividend for H2 2021

13/03/2022 Argaam Exclusive

Eastern Province Cement Co.'s board of directors declared today, March 13, an 11% cash dividend for the second half of 2021, at SAR 1.1 a share, totaling SAR 94.6 million.

 

Dividend Details (H2 2021)

Current capital

SAR 860 mln

Number of shares

86 mln

Dividend

SAR 94.6 mln

Percentage of capital

11% (SAR 1.1 per share)

Record date

Shareholders registered with the Securities Depository Centre (Edaa) by the close of the second trading day following the record date).

Payment date

April 13, 2022

 

Total Dividend (2021)

Total Dividend

SAR 215 mln

Percentage of Capital

25% (SAR 2.5 per share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
13/03/2022 11/04/2022 26/04/2022 94.60 1.10
02/08/2021 08/08/2021 23/08/2021 120.40 1.40
07/03/2021 11/04/2021 28/04/2021 215.00 2.50
18/03/2020 14/04/2020 27/04/2020 129.00 1.50
19/03/2019 30/04/2019 15/05/2019 64.50 0.75
21/03/2018 08/05/2018 24/05/2018 86.00 1.00
14/02/2017 10/04/2017 27/04/2017 129.00 1.50
23/02/2016 29/03/2016 17/04/2016 215.00 2.50
15/02/2015 31/03/2015 14/04/2015 215.00 2.50
13/02/2014 19/03/2014 02/04/2014 301.00 3.50
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 6.50 20.50 31.71 %
Last 5 Financial years 8.25 34.64 23.82 %
Last 10 Financial years 22.25 55.00 40.45 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

34.55
(0.25) (0.72 %)

Valuation Data (Latest Share Price)

P/E (TTM) 13.53
P/E Before Unusual Items (TTM) 11.79
P/BV 1.22
Dividend Yield 4.20 %
Market Cap. (M) 2,967.00
Return on Average Assets 7.70 %
Return on Average Equity 9.18 %

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