MEPCO shareholders to vote on 10% cash dividend for 2021

23/05/2022 Argaam Exclusive

Middle East Paper Co.’s (MEPCO) shareholders will vote on the board’s recommendation to pay a cash dividend at 10%, or SAR 1 a share, for 2021, during the ordinary general meeting (OGM), scheduled for June 13, according to a bourse statement.

 

Dividend Details (2021)

Current Capital

SAR 500 mln

Number of Shares

50 mln

Total Dividend

SAR 50 mln

Percentage of Capital

10% (SAR 1 a share)

Record Date

June 13, 2022 (Shareholders of record on the second trading day following the OGM)

Payment Date

Within 15 days of the record date

 

Shareholders will also vote on authorizing the board to pay interim dividend for 2022 on a semiannual or quarterly basis.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
17/03/2022 13/06/2022 28/06/2022 50.00 0.75
10/03/2019 11/03/2019 25/03/2019 25.00 0.37
30/10/2018 01/11/2018 14/11/2018 25.00 0.37
04/03/2018 22/04/2018 08/05/2018 37.50 0.56
15/03/2017 23/05/2017 08/06/2017 37.50 0.56
08/05/2016 26/06/2016 24/07/2016 25.00 0.37
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 1.62 10.68 15.22 %
Last 5 Financial years 2.37 14.70 16.16 %
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

35.80
(0.50) (1.38 %)

Valuation Data (Latest Share Price)

P/E (TTM) NEG
P/E Before Unusual Items (TTM) NEG
P/BV 1.88
Dividend Yield -
Market Cap. (M) 3,102.79
Return on Average Assets (3.01 %)
Return on Average Equity (4.96 %)

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