National Learning shareholders to vote on 12% cash dividend for FY 2021/22 on Dec. 28

06/12/2022 Argaam Exclusive

National Company for Learning and Education (NCLE) will convene its ordinary general meeting (OGM) on Dec. 28 to vote on the board of directors’ recommendation to distribute a 12% cash dividend, or SAR 1.2 per share, for the fiscal year (FY) ended on Aug. 31, 2022, as follows:

 

Dividend Details

Current capital

SAR 430 mln

Number of shares

43 mln

Total dividend

SAR 51.60 mln

Percentage of capital

12 % (SAR 1.2 per share)

Record date

Dec. 28, 2022 (Shareholders registered with Edaa by the close of the second trading day following the record date)

Payment date

To be determined later

 

In a statement to Tadawul, NCLE pointed out that shareholders will vote on authorizing the board to distribute quarterly and interim dividends for the FY ended on Aug. 31, 2023.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
16/11/2022 28/12/2022 08/01/2023 51.60 1.20
18/11/2021 09/01/2022 20/01/2022 34.40 0.80
22/11/2020 13/01/2021 24/01/2021 34.40 0.80
06/11/2019 25/12/2019 14/01/2020 34.40 0.80
29/11/2018 20/02/2019 07/03/2019 17.20 0.57
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 2.80 29.00 9.66 %
Last 5 Financial years 4.17 20.00 20.87 %
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

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Valuation Data (Latest Share Price)

P/E (TTM) 70.28
P/E Before Unusual Items (TTM) 70.28
P/BV 11.54
Dividend Yield 1.40 %
Market Cap. (M) 8,488.20
Return on Average Assets 10.15 %
Return on Average Equity 17.05 %

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