SABIC board declares 18% dividend for H1 2023

15/06/2023 Argaam Exclusive

Saudi Basic Industries Corporation’s (SABIC) board of directors declared, on June 14, an 18% cash dividend for the first half of 2023, at SAR 1.8 per share, the company said in a statement to Tadawul. 

Dividend Details (H1 2023)

Dividend

SAR 30 bln

Number of shares

3 bln

Total dividend

SAR 5.4 bln

Percentage of capital

18% (SAR 1.8/share)

Record date

Sept. 12, 2023 (Shareholders registered with Edaa by the close of the second trading day following the record date)

Payment date

Oct. 2, 2023

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
15/06/2023 12/09/2023 02/10/2023 5,400.00 1.80
13/12/2022 13/03/2023 02/04/2023 6,000.00 2.00
19/06/2022 11/09/2022 02/10/2022 6,750.00 2.25
15/12/2021 10/04/2022 25/04/2022 6,750.00 2.25
22/06/2021 19/09/2021 03/10/2021 5,250.00 1.75
16/12/2020 13/04/2021 03/05/2021 4,500.00 1.50
17/06/2020 03/09/2020 20/09/2020 4,500.00 1.50
18/12/2019 21/04/2020 12/05/2020 6,600.00 2.20
23/05/2019 16/09/2019 30/09/2019 6,600.00 2.20
19/12/2018 09/04/2019 30/04/2019 6,600.00 2.20
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 11.65 100.60 11.58 %
Last 5 Financial years 19.05 116.20 16.39 %
Last 10 Financial years 42.65 113.50 37.58 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

78.50
(0.60) (0.76 %)
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Valuation Data (Latest Share Price)

P/E (TTM) NEG
P/E Before Unusual Items (TTM) More than 100
P/BV 1.41
Dividend Yield 4.07 %
Market Cap. (M) 235,500.00
Return on Average Assets (1.06 %)
Return on Average Equity (1.80 %)

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