Yamama Cement shareholders approve 10% cash dividend for 2022

21/03/2023 Argaam Exclusive

Yamama Cement Co.’s shareholders approved the board’s recommendation to pay a cash dividend at 10%, or SAR 1 a share, totaling SAR 202.5 million for 2022, during the ordinary general meeting (OGM), held on March 20, according to a statement to Tadawul.

 

Cash Dividend Details

Current Capital

SAR 2.02 bln

Number of Shares

202.5 mln

Total Dividend

SAR 202.5 mln

Percentage of Capital

10%, or SAR 1 a share

Record Date

March 20, 2023, and those registered with Edaa on the second trading day after the record date.

Date of Payment

April 9, 2023

 

Meanwhile, shareholders approved related-party transactions and contracts that were concluded between the company and other companies, where some board members have interest. 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
15/02/2023 20/03/2023 09/04/2023 202.50 1.00
11/02/2020 06/04/2020 20/04/2020 101.25 0.50
19/01/2017 27/02/2017 19/03/2017 50.63 0.25
21/07/2016 15/08/2016 25/09/2016 50.63 0.25
21/04/2016 28/04/2016 22/05/2016 101.25 0.50
26/01/2016 29/02/2016 14/03/2016 151.88 0.75
20/10/2015 30/11/2015 17/12/2015 151.88 0.75
09/07/2015 30/07/2015 17/08/2015 151.88 0.75
15/04/2015 31/05/2015 22/06/2015 151.88 0.75
14/01/2015 23/02/2015 09/03/2015 151.88 0.75
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 2.00 28.45 7.03 %
Last 5 Financial years 2.50 12.80 19.53 %
Last 10 Financial years 9.50 57.50 16.52 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

31.30
(0.35) (1.11 %)

Valuation Data (Latest Share Price)

P/E (TTM) 18.09
P/E Before Unusual Items (TTM) 19.05
P/BV 1.31
Dividend Yield 2.93 %
Market Cap. (M) 6,338.25
Return on Average Assets 5.19 %
Return on Average Equity 7.35 %

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