Luberef shareholders to vote on 50% cash dividend for H2 2022 on Apr. 30

29/03/2023 Argaam Exclusive

Shareholders of Saudi Aramco Base Oil Co. (Luberef) will vote on the board's recommendation on the payout of a 50% cash dividend, or SAR 5 per share, for the second half of 2022 during the ordinary general meeting (OGM) scheduled for April 30.

 

Dividend Details (H2 2022)

Current Capital

SAR 1.68 bln

Number of Shares

168.75 mln

Dividend

SAR 841.29 mln

Percentage of Capital

50% (SAR 5 per share)

Record Date

April 30, 2023 (Shareholders registered with Edaa at the end of the second trading day following the record date)

Payment Date

Within 15 days

*The number of shares eligible for dividend stands at 168.26 mln.

 

Shareholders will also vote on authorizing the board of directors to distribute interim dividends quarterly or semi-annually for 2023, Luberef said in a statement to Tadawul.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
19/02/2023 30/04/2023 11/05/2023 841.29 5.00
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 N/A N/A N/A
Last 5 Financial years N/A N/A N/A
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

110.60
1.60 1.47 %

Valuation Data (Latest Share Price)

P/E (TTM) 18.08
P/E Before Unusual Items (TTM) 18.58
P/BV 4.51
Dividend Yield 6.87 %
Market Cap. (M) 18,663.75
Return on Average Assets 11.72 %
Return on Average Equity 23.50 %

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