Najran Cement shareholders to vote on 2.5% cash dividend for H2 2022 on April 11

21/03/2023 Argaam Exclusive

Najran Cement Co.’s shareholders will vote on the board's recommendation to distribute a cash dividend at 2.5% of capital (SAR 0.25 per share) for H2 2022, during an ordinary general meeting (OGM) to be held on April 11, the company said in a statement to Tadawul.

 

Dividend (H2 2022)

Current Capital

SAR 1.70 bln

Number of Shares

170 mln

Total Dividends

SAR 42.5 mln

Percentage of Capital

2.5% (SAR 0.25 per share)

Record Date

April 11, 2023 (Shareholders registered with Edaa at the end of the second trading day following the record date)

Payment Date

To be announced later

 

 

Total Dividends (2022)

Total Dividends

SAR 85 mln

Percentage of Capital

5% (SAR 0.5 per share)

 

Other agenda items include voting on authorizing the board of directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for 2023. This is in addition to determining the record and payment dates, as per the Executive Regulations of the Companies Law, in line with the company’s financial position, cash flow, as well as expansion and investment plans. 

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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