Electrical Industries shareholders approve 10% dividend for 2021

21/04/2022 Argaam Exclusive

Electrical Industries Co.’s (EIC) shareholders approved the board's proposal for a 10% cash dividend, or SAR 1 per share, for 2021, during the ordinary general meeting (OGM) held on April 20, according to a bourse filing. 

 

Dividend Details  

Current Capital 

SAR 450 mln

Number of Shares 

45 mln

Total Dividends 

SAR 45 mln

Percentage of Capital 

10% (SAR 1 per share)

Record Date 

April 20, 2022, including shareholders registered with the Securities Depository Center (Edaa) on the second day following the record date

Payment Date 

May 17, 2022

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
17/03/2022 20/04/2022 17/05/2022 45.00 0.04
17/03/2021 26/04/2021 09/05/2021 22.50 0.02
21/03/2018 13/05/2018 27/05/2018 45.00 0.04
14/03/2017 25/04/2017 11/05/2017 40.50 0.04
19/11/2015 30/11/2015 14/12/2015 22.50 0.02
21/04/2015 14/05/2015 31/05/2015 22.50 0.02
30/12/2014 20/04/2015 06/05/2015 45.00 0.04
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 0.06 0.64 9.35 %
Last 5 Financial years 0.06 0.84 7.14 %
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

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Valuation Data (Latest Share Price)

P/E (TTM) 28.60
P/E Before Unusual Items (TTM) 27.45
P/BV 9.39
Dividend Yield 5.28 %
Market Cap. (M) 6,896.25
Return on Average Assets 13.03 %
Return on Average Equity 34.41 %

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