Budget Saudi shareholders to vote on 13% cash dividend for H2 2021 on May 17

26/04/2022 Argaam Exclusive

United International Transportation Co.’s (Budget Saudi) shareholders will vote on the distribution of a 13% cash dividend for the second half of 2021, at SAR 1.3 per share, during an extraordinary general assembly meeting (EGM), scheduled for May 17, the company said in a bourse statement. 

 

Dividend Details (H2 2021)

Current capital

SAR 711.67 mln

Number of shares

71.17 mln

Dividend

SAR 92.52 mln

Percentage of capital

13% (SAR 1.3 per share)

Record date

May 17, 2022 (Shareholders of record by the close of the second trading day following the record date)

Payment date

To be determined

 

Dividend Details (2021)

Dividend

SAR 135.2 mln

Percentage of capital

19% (SAR 1.9 per share)

 

The shareholders will also vote on delegating the board of directors to distribute interim dividends on a biannual/quarterly basis for 2022. 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
30/03/2022 17/05/2022 02/06/2022 92.52 1.30
22/08/2021 01/09/2021 20/09/2021 42.70 0.60
07/02/2021 29/04/2021 10/05/2021 88.96 1.25
23/07/2020 28/07/2020 20/08/2020 35.58 0.50
20/04/2020 15/06/2020 01/07/2020 35.58 0.50
27/10/2019 31/10/2019 19/11/2019 35.58 0.50
03/02/2019 18/04/2019 08/05/2019 106.75 1.50
01/02/2018 30/04/2018 14/05/2018 106.75 1.50
19/01/2017 19/04/2017 02/05/2017 76.25 1.07
19/01/2016 05/05/2016 31/05/2016 76.25 1.07
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 4.65 26.70 17.42 %
Last 5 Financial years 7.65 29.58 25.86 %
Last 10 Financial years 12.45 13.22 94.16 %
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) 23.00
P/E Before Unusual Items (TTM) 23.00
P/BV 3.31
Dividend Yield 1.90 %
Market Cap. (M) 6,383.95
Return on Average Assets 9.61 %
Return on Average Equity 14.91 %

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