Saudi Cement shareholders approve 20% cash dividend for H2 2021

11/04/2022 Argaam Exclusive

Shareholders of Saudi Cement Co. approved the board's recommendation on paying a cash dividend at 20% of capital, or SAR 2 a share, totaling SAR 306 million, for the second half of 2021.

 

This came during the ordinary general meeting (OGM) held on April 10, the company said in a bourse filing.

 

Dividend Details (H2 2021)

Current Capital

SAR 1.53 bln

Number of Shares

153 mln

Dividend  

SAR 306 mln

Percentage of Capital (%)

20% (SAR 2 per share)

Record Date

Shareholders registered with the Securities Depository Center Company (Edaa) by the end of the second trading day following the OGM date.

Payment Date

April 20, 2022

 

Dividend Details (2021)

Total Dividend

SAR 535.5 mln

Percentage of Capital (%)

35% (SAR 3.5 per share)

 

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

 

 In addition, they also authorized the board of directors to distribute interim dividends on a quarterly or semi-annual basis for 2022.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
01/02/2022 10/04/2022 20/04/2022 306.00 2.00
02/06/2021 06/06/2021 16/06/2021 229.50 1.50
03/02/2021 07/04/2021 19/04/2021 306.00 2.00
10/06/2020 15/06/2020 25/06/2020 229.50 1.50
06/02/2020 21/04/2020 05/05/2020 306.00 2.00
29/05/2019 12/06/2019 02/07/2019 229.50 1.50
06/02/2019 16/04/2019 01/05/2019 267.75 1.75
28/05/2018 05/06/2018 02/07/2018 229.50 1.50
07/02/2018 15/04/2018 25/04/2018 267.75 1.75
24/05/2017 06/06/2017 20/06/2017 344.25 2.25
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 10.50 47.45 22.13 %
Last 5 Financial years 17.75 71.49 24.83 %
Last 10 Financial years 49.25 73.00 67.47 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

42.95
(0.25) (0.58 %)

Valuation Data (Latest Share Price)

P/E (TTM) 16.22
P/E Before Unusual Items (TTM) 16.22
P/BV 3.11
Dividend Yield 4.75 %
Market Cap. (M) 6,571.35
Return on Average Assets 12.51 %
Return on Average Equity 19.34 %

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