Kingdom Holding shareholders OK 2.8% dividend for 2023

15/05/2023 Argaam Exclusive

Shareholders of Kingdom Holding Co. (KHC) gave the go-ahead for the board of directors' recommendation on a 2.8% cash dividend, or SAR 0.28 per share, for 2023, during the ordinary general meeting (OGM) held on May 14.

 

Dividend Details (2023)

Current Capital

SAR 37.05 bln

Number of Shares

3.705 bln

Total Dividend

SAR 1.03 bln

Percentage of Capital

2.8% (SAR 0.28 per share)

Record Date for First Payment

May 14, 2023

Record Date for Second Payment

July 3, 2023

Record Date for Third Payment

Oct. 1, 2023

Record Date for Fourth Payment

Dec. 31, 2023

Distribution Date

10 working days from the second trading day following the record date

 

In a statement to Tadawul, KHC added that the board was also authorized to pay interim dividends on a quarterly or semi-annual basis for 2024.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
30/03/2023 14/05/2023 29/05/2023 259.40 0.07
30/03/2023 03/07/2023 18/07/2023 259.40 0.07
30/03/2023 01/10/2023 16/10/2023 259.40 0.07
30/03/2023 31/12/2023 15/01/2024 259.40 0.07
27/02/2022 17/04/2022 26/04/2022 259.40 0.07
27/02/2022 30/06/2022 14/07/2022 259.40 0.07
27/02/2022 29/09/2022 13/10/2022 259.40 0.07
27/02/2022 29/12/2022 12/01/2023 259.40 0.07
31/03/2021 01/04/2021 15/04/2021 463.24 0.13
31/03/2021 30/06/2021 14/07/2021 463.24 0.13
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 1.06 7.80 13.59 %
Last 5 Financial years 2.06 7.70 26.75 %
Last 10 Financial years 4.56 24.70 18.46 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

9.41
(0.19) (1.98 %)

Valuation Data (Latest Share Price)

P/E (TTM) 26.33
P/E Before Unusual Items (TTM) 32.88
P/BV 0.93
Dividend Yield 3.92 %
Market Cap. (M) 34,872.35
Return on Average Assets 2.51 %
Return on Average Equity 3.87 %

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