Arabian Cement board recommends 7.5% cash dividend for H1 2023

07/08/2023 Argaam Exclusive

Arabian Cement Co.'s board of directors recommended, on Aug. 6, a 7.5% cash dividend, at SAR 0.75 per share, for the first half of 2023, according to a Tadawul statement.

 

Dividend Details

Current capital

SAR 1 bln

Number of shares

100 mln

Dividend

SAR 75 mln

Percentage of capital

7.5% (SAR 0.75 per share)

Record date

Aug. 10, 2023 (Shareholders registered with Edaa at the end of the second trading day following the record date)

Payment date

Aug. 24, 2023

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
07/08/2023 10/08/2023 25/08/2023 75.00 0.75
23/02/2023 09/04/2023 17/04/2023 110.00 1.10
09/08/2022 31/08/2022 15/09/2022 110.00 1.10
28/02/2022 17/04/2022 12/05/2022 150.00 1.50
16/08/2021 18/08/2021 06/09/2021 125.00 1.25
01/03/2021 11/04/2021 02/05/2021 125.00 1.25
26/07/2020 10/08/2020 26/08/2020 100.00 1.00
02/03/2020 19/04/2020 07/05/2020 100.00 1.00
04/08/2019 05/08/2019 29/08/2019 75.00 0.75
03/03/2019 07/04/2019 25/04/2019 100.00 1.00
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 6.45 36.10 17.87 %
Last 5 Financial years 10.45 22.80 45.83 %
Last 10 Financial years 28.95 51.80 55.89 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

26.70
(0.30) (1.11 %)

Valuation Data (Latest Share Price)

P/E (TTM) 16.52
P/E Before Unusual Items (TTM) 18.53
P/BV 1.05
Dividend Yield 4.35 %
Market Cap. (M) 2,670.00
Return on Average Assets 5.22 %
Return on Average Equity 6.37 %

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