Sipchem board declares 12.5% cash dividend for H1 2023

22/06/2023 Argaam Exclusive

Sahara International Petrochemical Co.’s (Sipchem) board of directors declared, on June 21, a 12.5% cash dividend, or SAR 1.25 per share, for the first half of 2023, according to a Tadawul statement.

 

Dividend Details (H1 2023)

Current Capital

SAR 7.33 bln

Number of Shares*

733.33 mln

Total Dividend

SAR 906.40 mln

Percentage of Capital

12.5% (SAR 1.25 per share)

Record Date

July 6, 2023 (Shareholders registered with the Securities Depository Center Co. by the close of the second trading day following the record date)

Payment Date

July 19, 2023

*Number of eligible shares reaches 725.12 mln

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
22/06/2023 06/07/2023 19/07/2023 906.40 1.25
01/12/2022 05/12/2022 15/12/2022 1,087.68 1.50
29/06/2022 06/07/2022 27/07/2022 1,270.89 1.75
15/12/2021 20/12/2021 30/12/2021 1,090.74 1.49
23/06/2021 30/06/2021 14/07/2021 550.00 0.75
15/12/2020 24/12/2020 06/01/2021 366.67 0.50
26/09/2019 02/10/2019 16/10/2019 440.00 0.60
24/12/2018 01/01/2019 15/01/2019 238.33 0.65
26/07/2018 01/08/2018 15/08/2018 183.33 0.50
20/12/2017 01/04/2018 15/04/2018 183.33 0.50
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 7.49 17.02 43.99 %
Last 5 Financial years 8.59 20.00 42.94 %
Last 10 Financial years 12.09 32.20 37.54 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 34.28
P/E Before Unusual Items (TTM) 62.28
P/BV 1.24
Dividend Yield 5.81 %
Market Cap. (M) 19,359.91
Return on Average Assets 2.53 %
Return on Average Equity 3.58 %

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