Baazeem shareholders approve 11% cash dividend for H2 2022

03/05/2023 Argaam Exclusive

Baazeem Trading Co.’s shareholders approved the board’s recommendation to pay a cash dividend at 11%, or SAR 1.10 a share for H2 2022, during the ordinary general meeting, held on May 2, according to a statement to Tadawul.

 

Dividend Details (H2 2022)

Current Capital

SAR 101.25 mln

No. of Shares*

10.13 mln

Total Dividend

SAR 11.14 mln

Percentage of Capital

11% (SAR 1.10 a share)

Record Date

May 2, 2023 (Shareholders of record registered with Edaa on the second trading day following the OGM date)

Payment Date

May 17, 2023

 

Cash Dividend

Total Dividend

SAR 18.2 mln

Percentage of Capital

18% (SAR 1.8 a share)

 

Shareholders also approved authorizing the board of directors to distribute an interim dividend for 2023 on a semi-annual or a quarterly basis, the statement added.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
16/03/2023 02/05/2023 17/05/2023 11.14 0.11
09/08/2022 16/08/2022 04/09/2022 7.09 0.07
13/03/2022 09/05/2022 23/05/2022 17.72 0.18
04/03/2021 22/04/2021 07/05/2021 17.72 0.18
15/03/2020 16/04/2020 30/04/2020 16.20 0.16
14/03/2019 18/04/2019 28/04/2019 15.18 0.15
05/03/2018 02/05/2018 21/05/2018 17.21 0.17
14/03/2017 22/05/2017 04/06/2017 17.21 0.17
01/12/2015 31/12/2015 31/12/2015 23.69 0.23
01/12/2014 31/12/2014 31/12/2014 24.31 2.40
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 0.54 8.65 6.18 %
Last 5 Financial years 0.87 2.90 30.00 %
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

6.80
0.06 0.89 %

Valuation Data (Latest Share Price)

P/E (TTM) 30.99
P/E Before Unusual Items (TTM) 30.99
P/BV 3.55
Dividend Yield 2.77 %
Market Cap. (M) 688.50
Return on Average Assets 9.09 %
Return on Average Equity 11.58 %

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