MEPCO board plans 5% cash dividend for H2 2022

23/05/2023 Argaam Exclusive

Middle East Paper Co.’s (MEPCO) board of directors recommended on May 22 the payment of a cash dividend at 5% of capital, or SAR 0.5 a share, for H2 2022, according to a filing to Tadawul. 

 

Cash Dividend Details (H2 2022)

Current Capital

SAR 666.67 mln

Number of Shares

66.67 mln

Total Dividend

SAR 33.33 mln

Percentage of Capital

5% (SAR 0.5 a share)

Record Date

Shareholders of record by the close of the second trading day following the annual general meeting date that will be determined later

Payment Date

To be determined

 

MEPCO distributed a SAR 0.5 per share cash dividend for H1 2022, according to data compiled by Argaam.

 

In November 2022, the company’s general assembly approved a 33.3% capital hike via bonus shares.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
23/05/2023 22/06/2023 11/07/2023 33.33 0.50
09/10/2022 13/10/2022 25/10/2022 25.00 0.37
17/03/2022 13/06/2022 28/06/2022 50.00 0.75
10/03/2019 11/03/2019 25/03/2019 25.00 0.37
30/10/2018 01/11/2018 14/11/2018 25.00 0.37
04/03/2018 22/04/2018 08/05/2018 37.50 0.56
15/03/2017 23/05/2017 08/06/2017 37.50 0.56
08/05/2016 26/06/2016 24/07/2016 25.00 0.37
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 1.62 14.15 11.49 %
Last 5 Financial years 1.62 14.93 10.89 %
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

37.30
(0.50) (1.32 %)

Valuation Data (Latest Share Price)

P/E (TTM) NEG
P/E Before Unusual Items (TTM) NEG
P/BV 1.96
Dividend Yield -
Market Cap. (M) 3,232.79
Return on Average Assets (3.01 %)
Return on Average Equity (4.96 %)

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