Najran Cement shareholders approve 2.5% cash dividend for H2 2021

14/04/2022 Argaam Exclusive

Shareholders of Najran Cement Co. approved the board’s recommendation to pay a cash dividend at 2.5% of the stock nominal value, or SAR 0.25 a share, for H2 2021, during the ordinary general meeting (OGM), held on April 13, according to a bourse filing. 

 

Dividend Details (H2 2021)

Current Capital

SAR 1.7 bln

Number of Shares

170 mln

Total Dividend

SAR 42.5 mln

Percentage of Capital

2.5% (SAR 0.25 a share)

Record Date

April 13, 2022 (Shareholders of record on the second day following the record date)

Payment Date

To be determined later

 

 

 Dividend Details (2021)

Total Dividend

SAR 170 mln

Percentage of Capital

10% (SAR 1 a share)

 

Shareholders also approved authorizing the board of directors to pay interim dividends for 2022 on a semi-annual or quarterly basis, in line with the company’s cash flows, financial position and expansions, and in the light of the Companies Law.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
16/03/2022 13/04/2022 24/04/2022 42.50 0.25
22/09/2021 03/10/2021 17/10/2021 127.50 0.75
28/02/2021 31/03/2021 13/04/2021 127.50 0.75
24/09/2020 01/10/2020 15/10/2020 127.50 0.75
11/05/2016 19/05/2016 09/06/2016 102.00 0.60
29/12/2015 29/03/2016 21/04/2016 85.00 0.50
10/08/2015 20/08/2015 10/09/2015 85.00 0.50
11/12/2014 30/03/2015 30/04/2015 102.00 0.60
21/07/2013 22/07/2013 01/08/2013 102.00 0.60
03/02/2013 18/03/2013 02/04/2013 93.50 0.55
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 3.00 12.10 24.79 %
Last 5 Financial years 3.00 10.57 28.38 %
Last 10 Financial years 5.80 18.90 30.69 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

8.99
(0.09) (0.98 %)

Valuation Data (Latest Share Price)

P/E (TTM) 23.42
P/E Before Unusual Items (TTM) 23.42
P/BV 0.76
Dividend Yield 0.00 %
Market Cap. (M) 1,547.00
Return on Average Assets 2.63 %
Return on Average Equity 3.26 %

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