Najran Cement’s board recommends 2.5% cash dividend for H2 2022

12/03/2023 Argaam Exclusive

Najran Cement Co.’s board of directors recommended, on March 11, the payment of a cash dividend at 2.50%, or SAR 0.25 a share, for H2 2022, according to a statement.

 

Dividend Details (H2 2022)

Current Capital

SAR 1.7 bln

Number of Shares

170 mln

Total Dividend

SAR 42.5 mln

Percentage of Capital

2.5% (SAR 0.25 a share)

Record Date

Shareholders of record at the end of the general assembly meeting and registered with the Securities Depository Center Company (Edaa) by the end of the second trading day following the general meeting, the date for which will be announced later.

Payement Date

To be determined later

 

 

Total Dividend (2022)

Total Dividend

SAR 85 mln

Percentage of Capital

5% (SAR 0.5 a share)

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
12/03/2023 11/04/2023 04/05/2023 42.50 0.25
02/10/2022 06/10/2022 19/10/2022 42.50 0.25
16/03/2022 13/04/2022 24/04/2022 42.50 0.25
22/09/2021 03/10/2021 17/10/2021 127.50 0.75
28/02/2021 31/03/2021 13/04/2021 127.50 0.75
24/09/2020 01/10/2020 15/10/2020 127.50 0.75
11/05/2016 19/05/2016 09/06/2016 102.00 0.60
29/12/2015 29/03/2016 21/04/2016 85.00 0.50
10/08/2015 20/08/2015 10/09/2015 85.00 0.50
11/12/2014 30/03/2015 30/04/2015 102.00 0.60
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 1.50 17.86 8.40 %
Last 5 Financial years 3.00 8.40 35.71 %
Last 10 Financial years 5.20 24.05 21.62 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

9.24
(0.06) (0.65 %)

Valuation Data (Latest Share Price)

P/E (TTM) 23.78
P/E Before Unusual Items (TTM) 23.78
P/BV 0.77
Dividend Yield 0.00 %
Market Cap. (M) 1,570.80
Return on Average Assets 2.63 %
Return on Average Equity 3.26 %

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