Budget Saudi shareholders approve 15% cash dividend for H2 2022

16/04/2023 Argaam Exclusive

United International Transportation Co.’s (Budget Saudi) shareholders approved a 15% cash dividend for H2 2022, at SAR 1.5 per share, during the ordinary general meeting (OGM) held on April 13, the company said in a statement to Tadawul.

 

Dividend Details (H2 2022)

Current Capital

SAR 711.67 mln

Number of Shares

71.17 mln

Total Dividend

SAR 106.75 mln

Percentage of Capital

15% (SAR 1.50 per share)

Record Date

April 13, 2023

Payment Date

May 9, 2023

 

Dividend Details (2022)

Dividend

SAR 142.33 mln

Percentage of Capital

20% (SAR 2 per share)

Shareholders also approved authorizing the board of directors to distribute interim dividends semi-annually or quarterly for 2023.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
23/02/2023 13/04/2023 09/05/2023 106.75 1.50
31/07/2022 18/08/2022 01/09/2022 35.58 0.50
30/03/2022 17/05/2022 02/06/2022 92.52 1.30
22/08/2021 01/09/2021 20/09/2021 42.70 0.60
07/02/2021 29/04/2021 10/05/2021 88.96 1.25
23/07/2020 28/07/2020 20/08/2020 35.58 0.50
20/04/2020 15/06/2020 01/07/2020 35.58 0.50
27/10/2019 31/10/2019 19/11/2019 35.58 0.50
03/02/2019 18/04/2019 08/05/2019 106.75 1.50
01/02/2018 30/04/2018 14/05/2018 106.75 1.50
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 5.40 37.55 14.38 %
Last 5 Financial years 8.15 26.70 30.52 %
Last 10 Financial years 14.26 30.63 46.57 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 20.42
P/E Before Unusual Items (TTM) 20.42
P/BV 2.20
Dividend Yield 1.73 %
Market Cap. (M) 5,690.78
Return on Average Assets 7.24 %
Return on Average Equity 12.72 %

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