Luberef board proposes 50% cash dividend for H2 2022

19/02/2023 Argaam Exclusive

Saudi Aramco Base Oil Co.’s (Luberef) board of directors recommended, on Feb. 16, a 50% cash dividend, or SAR 5 per share, for H2 2022, the company said in a statement to Tadawul.  

 

Dividend Details (H2 2022)

Current capital

SAR 1.68 bln

Number of shares

168.75 mln

Dividend

SAR 841.29 mln

Percentage of capital

50% (SAR 5 per share)

Record date

Shareholders of record at the end of the upcoming general meeting date, which will be announced later, and those registered with Edaa at the end of the second trading day following the general meeting

Payment date

To be determined later

* The number of shares entitled for dividend stand at 168.26 million

 

According to data available on Argaam, this is the first cash distribution for Luberef since its listing in December 2022.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
19/02/2023 30/04/2023 11/05/2023 841.29 5.00
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 N/A N/A N/A
Last 5 Financial years N/A N/A N/A
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

109.00
(1.60) (1.45 %)

Valuation Data (Latest Share Price)

P/E (TTM) 17.82
P/E Before Unusual Items (TTM) 18.32
P/BV 4.44
Dividend Yield 6.87 %
Market Cap. (M) 18,393.75
Return on Average Assets 11.72 %
Return on Average Equity 23.50 %

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