SABIC Agri-Nutrients shareholders to vote on 80% cash dividend for H2 2022 on March 26

05/03/2023 Argaam Exclusive

SABIC Agri-Nutrients Co. shareholders are set to vote on the board's recommendation on the distribution of cash dividend at 80% of capital, or SAR 8 per share, for H2 2022, during an extraordinary general meeting (EGM) to be held on March 26, according to a statement to Tadawul.

Dividend Details (H2 2022)

Current Capital

SAR 4.760.4 bln

Number of Shares

476.04 mln

Dividend

SAR 3.808.28 bln

Dividend

80% (SAR 8/share)

Record date

March 26, 2023 (Shareholders registered with Edaa by the close of the second trading day following the general assembly meeting date)

Payment Date

April 13, 2023

 

Dividend Details (2022)

Dividend

SAR 5.712.4 bln

Percentage of Capital

120% (or SAR 12 per share)

Other agenda items include voting on the election of board members for the upcoming three-year term, and the formation of the audit committee.

 

Shareholders will also vote on authorizing the board of directors to distribute interim dividends quarterly or semi-annually for 2023.

 

SABIC Agri-Nutrients’ board earlier recommended the distribution of a cash dividend at SAR 4 per share for H2 2022. Given the company's performance, the board recommended the distribution of an additional SAR 4 per share dividend, bringing the total distribution to SAR 8 per share.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
20/12/2022 26/03/2023 13/04/2023 3,808.28 8.00
29/06/2022 17/07/2022 01/08/2022 1,904.14 4.00
20/12/2021 13/04/2022 27/04/2022 1,428.11 3.00
14/06/2021 30/06/2021 14/07/2021 595.04 1.25
15/12/2020 11/04/2021 25/04/2021 476.04 1.14
14/05/2020 21/06/2020 05/07/2020 416.67 1.00
16/12/2019 29/03/2020 12/04/2020 625.00 1.50
19/05/2019 16/07/2019 30/07/2019 625.00 1.50
17/12/2018 07/04/2019 21/04/2019 625.00 1.50
10/06/2018 25/07/2018 08/08/2018 416.67 1.00
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 18.39 77.80 23.64 %
Last 5 Financial years 23.89 65.07 36.72 %
Last 10 Financial years 49.34 123.80 39.86 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

114.60
0.80 0.70 %

Valuation Data (Latest Share Price)

P/E (TTM) 16.28
P/E Before Unusual Items (TTM) 15.67
P/BV 2.93
Dividend Yield 4.34 %
Market Cap. (M) 54,554.18
Return on Average Assets 13.71 %
Return on Average Equity 18.53 %

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