SADAFCO shareholders to vote on 30% cash dividend for H2 2022/23 on Aug. 22

27/07/2023 Argaam Exclusive

Shareholders of Saudia Dairy and Foodstuff Co.’s (SADAFCO) are set to vote on the board’s recommendation on a 30% cash dividend, or SAR 3 per share, for the second half of the fiscal year ended March 31, 2023, during the extraordinary general meeting (EGM) scheduled for Aug. 22.

 

Dividend Details (H1 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

Aug. 22, 2023 (Shareholders registered with Edaa at the end of the second trading day following the record date)

Payment Date

To be set later

*Number of eligible shares is 32 million

 

Dividend Details (FY 2022/2023)

Current Capital

SAR 192 mln

Percentage of Capital

60% (SAR 6 per share)

 

In a statement to Tadawul, SADAFCO added that shareholders will also discuss delegating the board of directors to pay interim dividends on a quarterly or semi-annual basis for the fiscal year ending Dec. 31, 2023.

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 2.95
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

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Valuation Data (Latest Share Price)

P/E (TTM) 24.55
P/E Before Unusual Items (TTM) 23.70
P/BV 6.08
Dividend Yield 3.53 %
Market Cap. (M) 11,141.00
Return on Average Assets 17.15 %
Return on Average Equity 26.03 %

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