Southern Cement board approves 7.5% cash dividend for H1 2022

08/09/2022 Argaam Exclusive

Southern Province Cement Co.’s board of directors decided to pay a 7.5% cash dividend, or SAR 0.75 per share, for the first half of 2022, the company said in a statement to Tadawul.

 

Dividend Details (H1 2022)

Current capital

SAR 1.4 bln

Number of shares

140 mln

Dividend

SAR 105 mln

Percentage of capital

7.5% (SAR 0.75 per share)

Record date

Sept. 14, 2022 (Shareholders registered at Edaa by the close of the second trading day following the record date)

Payment date

Sept. 26, 2022

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
08/09/2022 14/09/2022 26/09/2022 105.00 0.75
03/03/2022 12/04/2022 24/04/2022 175.00 1.25
29/07/2021 10/08/2021 22/08/2021 175.00 1.25
03/03/2021 11/04/2021 25/04/2021 350.00 2.50
23/07/2020 09/08/2020 23/08/2020 315.00 2.25
05/03/2020 05/04/2020 19/04/2020 315.00 2.25
05/08/2019 30/09/2019 06/10/2019 175.00 1.25
07/03/2019 18/04/2019 01/05/2019 140.00 1.00
08/08/2018 30/09/2018 14/10/2018 140.00 1.00
07/03/2018 17/04/2018 29/04/2018 70.00 0.50
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 8.50 64.50 13.18 %
Last 5 Financial years 14.00 48.38 28.94 %
Last 10 Financial years 38.25 100.00 38.25 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

34.05
(0.75) (2.16 %)

Valuation Data (Latest Share Price)

P/E (TTM) 21.71
P/E Before Unusual Items (TTM) 23.52
P/BV 1.45
Dividend Yield 2.35 %
Market Cap. (M) 4,767.00
Return on Average Assets 5.43 %
Return on Average Equity 6.77 %

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