stc declares 4% cash dividend for Q3 2022

27/10/2022 Argaam Exclusive

stc announced the payment of a cash dividend at 4%, or SAR 0.4 a share, for Q3 2022, the telco said in a statement to Tadawul.

 

Dividend Details (Q3 2022)

Current Capital

SAR 50 bln

Number of Shares*

5 bln

Total Dividend

SAR 1.996 bln

Percentage

4% (SAR 0.4 a share)

Record Date

Nov. 2, 2022, including shareholders registered with Edaa on the second trading day after the record date

Payment Date

Nov. 22, 2022

 

 

9M Dividend Details

Total Dividend**

SAR 5.99 bln

*Capital was increased to SAR 50 billion in August

* 4.990 bln shares are eligible for dividend

 

The number of treasury shares not eligible for dividends and allocated for the employee stock option program reached 9.63 million until Q3 2022.

 

These dividends came in line with the telco’s three-year dividend policy, which started in Q4 2021 and was approved by the ordinary general meeting (OGM) on Nov. 30, 2021.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
27/10/2022 02/11/2022 22/11/2022 1,996.15 0.40
03/08/2022 07/08/2022 25/08/2022 1,997.50 0.40
28/04/2022 11/05/2022 31/05/2022 1,997.10 0.40
21/02/2022 27/02/2022 17/03/2022 1,997.10 0.40
21/10/2021 28/10/2021 18/11/2021 1,997.00 0.40
02/08/2021 05/08/2021 26/08/2021 2,000.00 0.40
22/04/2021 04/05/2021 31/05/2021 2,000.00 0.40
21/01/2021 26/04/2021 24/05/2021 4,000.00 0.80
21/10/2020 28/10/2020 18/11/2020 2,000.00 0.40
22/07/2020 28/07/2020 25/08/2020 2,000.00 0.40
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 5.20 40.32 12.89 %
Last 5 Financial years 9.20 27.27 33.72 %
Last 10 Financial years 16.30 17.36 93.87 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

42.05
(0.10) (0.24 %)

Valuation Data (Latest Share Price)

P/E (TTM) 15.27
P/E Before Unusual Items (TTM) 17.87
P/BV 2.75
Dividend Yield 6.42 %
Market Cap. (M) 210,250.00
Return on Average Assets 9.17 %
Return on Average Equity 18.13 %

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