Umm Al-Qura Cement shareholders approve 2.5% cash dividend for H2 2021

11/05/2022 Argaam Exclusive

Umm Al-Qura Cement Co.’s shareholders approved the board of directors’ recommendation to pay a 2.5% cash dividend, or SAR 0.25 per share, for H2 2021, during the ordinary general meeting (OGM) on May 10.

 

Dividend Details (H2 2021)

Current capital

SAR 550 mln

Number of shares

55 mln

Dividend

SAR 13.75 mln

Percentage of capital

2.5% (SAR 0.25 per share)

Record date

May 10, 2022 (Shareholders registered in the Securities Depository Center by the close of the second trading day after the record date)

Payment date

May 25, 2022

Dividend Details (2021)

Dividend

SAR 41.25 mln

Percentage of capital

7.5% (SAR 0.75 per share)

 

They also approved authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2022, and to determine the maturity and distribution date, in accordance with the organizational procedures and controls issued in implementation of the Companies Law under with the company’s financial position, cash flows, as well as expansion and investment plans.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
17/03/2022 10/05/2022 25/05/2022 13.75 0.25
01/08/2021 15/08/2021 29/08/2021 27.50 0.50
10/03/2021 28/04/2021 10/05/2021 22.00 0.40
28/07/2020 26/08/2020 10/09/2020 16.50 0.30
25/02/2020 06/04/2020 19/04/2020 13.75 0.25
01/08/2019 29/08/2019 16/09/2019 13.75 0.25
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 1.45 22.00 6.59 %
Last 5 Financial years 1.95 16.57 11.77 %
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

17.92
0.04 0.22 %

Valuation Data (Latest Share Price)

P/E (TTM) 29.03
P/E Before Unusual Items (TTM) 29.03
P/BV 1.22
Dividend Yield 0.00 %
Market Cap. (M) 985.60
Return on Average Assets 2.86 %
Return on Average Equity 4.30 %

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