Kingdom Holding shareholders approve 2.8% cash dividend for 2022

18/04/2022 Argaam Exclusive

Shareholders of Kingdom Holding Co. (KHC) approved, on April 17, the board’s recommendation on distributing a cash dividend at 2.8% of capital, or SAR 0.28 per share, for 2022, according to a bourse filing.

 

The dividend will be distributed on a quarterly basis at 0.7% of the stock nominal value, or SAR 0.7 per quarter, at a total of SAR 259.4 million per quarter.

 

Dividend Details (2022)

Current Capital

SAR 37.058 bln

Number of Shares

3.706 bln

Total Dividend

SAR 1.037 bln

Percentage of Capital

2.8% (equivalent to SAR 0.28 per share)

Record Date for First Payment

April 17, 2022

Distribution Date for First Payment

April 26, 2022

Record Date for Second Payment

June 30, 2022

Record Date for Third Payment

Sept. 29, 2022

Record Date for Fourth Payment

Dec. 29, 2022

Distribution Date

10 business days from the second trading day following the record date

 

The remaining agenda items were also approved, the statement added.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
27/02/2022 17/04/2022 26/04/2022 259.40 0.07
27/02/2022 30/06/2022 14/07/2022 259.40 0.07
27/02/2022 29/09/2022 13/10/2022 259.40 0.07
27/02/2022 29/12/2022 12/01/2023 259.40 0.07
31/03/2021 01/04/2021 15/04/2021 463.24 0.13
31/03/2021 30/06/2021 14/07/2021 463.24 0.13
31/03/2021 30/09/2021 14/10/2021 463.24 0.13
31/03/2021 30/12/2021 13/01/2022 463.24 0.13
31/03/2020 31/12/2020 14/01/2021 463.24 0.13
31/03/2020 30/09/2020 14/10/2020 463.24 0.13
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 1.28 7.53 17.00 %
Last 5 Financial years 2.28 8.67 26.30 %
Last 10 Financial years 4.78 20.80 22.98 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

9.60
0.09 0.95 %

Valuation Data (Latest Share Price)

P/E (TTM) 26.86
P/E Before Unusual Items (TTM) 33.54
P/BV 0.95
Dividend Yield 3.92 %
Market Cap. (M) 35,576.47
Return on Average Assets 2.51 %
Return on Average Equity 3.87 %

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