SADAFCO board proposes 30% dividend for H2 2022/23

19/06/2023 Argaam Exclusive

Saudia Dairy and Foodstuff Co.’s (SADAFCO) board of directors recommended a cash dividend at 30% of capital, or SAR 3 a share, for the second half of the fiscal year ending March 31, 2023, according to a statement to Tadawul.

Dividend Details (H2 2022/2023)

Current Capital

SAR 325 mln

Number of Shares*

32.50 mln

Total Dividend

SAR 96 mln

Percentage of Capital

30% (SAR 3 a share)

Record Date

Shareholders registered with Edaa at the end of the second trading day following the record date. The general meeting date will be determined after obtaining the regulatory approvals.

Payment Date

Later

*Number of eligible shares is 32 million

 

Total Dividends

Total Dividend

SAR 192 mln

Percentage of Capital

60% (SAR 6 per share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
19/06/2023 22/08/2023 10/09/2023 96.00 3.00
03/01/2023 05/01/2023 23/01/2023 96.00 3.00
25/05/2022 28/06/2022 19/07/2022 96.00 3.00
04/01/2022 06/01/2022 25/01/2022 96.00 3.00
13/06/2021 12/07/2021 05/08/2021 96.00 3.00
05/01/2021 06/01/2021 25/01/2021 96.00 3.00
06/05/2020 16/06/2020 05/07/2020 81.25 2.50
02/12/2019 04/12/2019 22/12/2019 81.25 2.50
09/05/2019 11/06/2019 01/07/2019 65.00 2.00
28/11/2018 02/12/2018 12/12/2018 65.00 2.00
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 24.00 173.20 13.86 %
Last 5 Financial years 35.00 101.60 34.45 %
Last 10 Financial years 54.50 86.50 63.01 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

337.20
(1.80) (0.53 %)

Valuation Data (Latest Share Price)

P/E (TTM) 22.11
P/E Before Unusual Items (TTM) 22.30
P/BV 6.38
Dividend Yield 3.53 %
Market Cap. (M) 10,959.00
Return on Average Assets 18.73 %
Return on Average Equity 28.16 %

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