Eastern Cement board declares 10% cash dividend for H2 2022

20/03/2023 Argaam Exclusive

Eastern Province Cement Co.’s board of directors declared, on March 19, the payment of a cash dividend at 10% of capital, or SAR 1 a share, for H2 2022, according to a statement to Tadawul.

 

Dividend Details (H2 2022)

Current Capital

SAR 860 mln

Number of Shares

86 mln

Total Dividend

SAR 86 mln

Percentage of Capital

10% (SAR 1 a share)

Record Date

March 26, 2023 (Shareholders registered with Edaa on the second day of trading following the record date)

Date of Payment

April 13, 2023

 

 

Total Dividend (2022)

Total Dividend

SAR 172 mln

Percentage of Capital

20% (SAR 2 a share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
20/03/2023 26/03/2023 13/04/2023 86.00 1.00
03/08/2022 14/08/2022 30/08/2022 86.00 1.00
13/03/2022 11/04/2022 26/04/2022 94.60 1.10
02/08/2021 08/08/2021 23/08/2021 120.40 1.40
07/03/2021 11/04/2021 28/04/2021 215.00 2.50
18/03/2020 14/04/2020 27/04/2020 129.00 1.50
19/03/2019 30/04/2019 15/05/2019 64.50 0.75
21/03/2018 08/05/2018 24/05/2018 86.00 1.00
14/02/2017 10/04/2017 27/04/2017 129.00 1.50
23/02/2016 29/03/2016 17/04/2016 215.00 2.50
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 6.10 41.20 14.81 %
Last 5 Financial years 10.10 20.50 49.27 %
Last 10 Financial years 18.35 60.00 30.58 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 13.31
P/E Before Unusual Items (TTM) 11.60
P/BV 1.20
Dividend Yield 4.20 %
Market Cap. (M) 2,919.70
Return on Average Assets 7.70 %
Return on Average Equity 9.18 %

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