SADAFCO shareholders approve 30% cash dividend for H2 2022/23

23/08/2023 Argaam Exclusive

Shareholders of Saudia Dairy and Foodstuff Co. (SADAFCO) approved the board’s recommendation to pay a cash dividend at 30% of capital, or SAR 3 a share, for the second half ended March 31, 2023.

 

This came during the company’s extraordinary general meeting (EGM), held on Aug. 22, according to a statement to Tadawul.

 

Cash Dividend Details

Current Capital

SAR 325 mln

No. of Shares*

32.50 mln

Total Dividend

SAR 96 mln

Percentage of Capital

30% (SAR 3 a share)

Record Date

Aug. 22, 2023 for shareholders registered with Edaa on the second trading day following the record date.

Date of Payment

Sept. 10, 2023

*No. of eligible shares is 32 mln 
 

Total Dividend 2022/23

Total Dividend

SAR 192 mln

Percentage of Capital

60% (SAR 6 a share)

 

Shareholders also authorized the board of directors to pay an interim dividend on a semi-annual or quarterly basis for the 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 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

344.20
(4.80) (1.38 %)

Valuation Data (Latest Share Price)

P/E (TTM) 22.57
P/E Before Unusual Items (TTM) 22.77
P/BV 6.51
Dividend Yield 3.53 %
Market Cap. (M) 11,186.50
Return on Average Assets 18.73 %
Return on Average Equity 28.16 %

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