Cenomi Centers board distributes 10% special dividend for Q3 2022/23

02/04/2023 Argaam Exclusive

Cenomi Centers ’s board of directors decided to distribute a 10% special cash dividend (SAR 1 per share) for the third quarter ended on Dec. 31, 2022, the company said in a statement to Tadawul.

 

Dividend Details (Q3 2022/23)

Current capital

SAR 4.75 bln

Number of shares

475 mln

Dividend

SAR 475 mln

Percentage of capital

10% (SAR 1 per share)

Record date

April 4, 2023 (Shareholders registered in Securities Depository Center Co. (Edaa) at the end of the second trading day following the record date)

Payment date

April 25, 2023

 

Dividend Details 2022

Total Dividend

SAR 831.25 mln

Percentage of Capital

17.5%, or SAR 1.75 a share

 

The special dividend is attributed to Cenomi Centers’ robust business results, outstanding achievements in expanding operations, and the company’s proceeds of its successful program for selling for non-core assets.

 

Launched at the beginning of 2022, the sale program included two land plots, bringing the total proceeds of the asset sale program to nearly SAR 875 million, the statement added, noting that the sale of the remaining non-core assets, whose market value is estimated at about SAR 1.15 billion, is in the pipeline.

 

The board also decided to settle SAR 134 million of receivable balances from related parties within the framework of cash dividend payment to the main shareholders.

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
02/04/2023 04/04/2023 25/04/2023 475.00 1.00
02/01/2023 22/01/2023 12/02/2023 356.25 0.75
03/07/2022 05/07/2022 26/07/2022 356.25 0.75
24/01/2022 26/01/2022 14/02/2022 356.25 0.75
28/04/2021 01/07/2021 15/07/2021 356.25 0.75
30/12/2020 04/01/2021 14/01/2021 237.50 0.50
14/07/2020 16/07/2020 27/07/2020 237.50 0.50
08/12/2019 16/12/2019 30/12/2019 427.50 0.90
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 4.87 25.30 19.25 %
Last 5 Financial years 7.52 25.00 30.08 %
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

19.78
(0.02) (0.10 %)

Valuation Data (Latest Share Price)

P/E (TTM) 6.85
P/E Before Unusual Items (TTM) 13.38
P/BV 0.64
Dividend Yield 7.80 %
Market Cap. (M) 9,395.50
Return on Average Assets 4.83 %
Return on Average Equity 9.67 %

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