Abo Moati’s shareholders approve 10% cash dividend for FY 2022/23

21/09/2023 Argaam Exclusive

Abdullah Saad Mohammed Abo Moati for Bookstores Co.’s (Abo Moati) shareholders approved the board’s recommendation to pay out a cash dividend at SAR 1 per share, or 10% of capital, for the fiscal year (FY) ended March 31, 2023.

 

The approval came during an ordinary general meeting (OGM) held on Sept. 20.

 

Dividend Details (FY 2022/23)

Current Capital

SAR 200 mln

Number of Shares

20 mln

Dividend

SAR 20 mln

Percentage of Capital (%)

10% (or SAR 1 per share)

Record Date

Sept. 20, 2023 (Shareholders registered with the Securities Depository Center Co. (Edaa) by the second trading day after the OGM)

Payment Date

To be announced

 

Moreover, shareholders approved authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for the following FY.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
27/07/2023 20/09/2023 03/10/2023 20.00 1.00
28/07/2022 20/09/2022 10/10/2022 10.00 0.50
05/08/2021 16/09/2021 05/10/2021 10.00 0.50
15/07/2020 09/09/2020 22/09/2020 10.00 0.50
30/06/2019 21/08/2019 05/09/2019 8.00 0.40
30/07/2018 04/09/2018 20/09/2018 8.00 0.40
16/08/2017 18/09/2017 03/10/2017 8.00 0.40
01/12/2016 31/12/2016 31/12/2016 8.00 0.40
01/12/2015 31/12/2015 31/12/2015 8.00 0.40
01/06/2015 30/06/2015 30/06/2015 6.60 0.33
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 2.50 53.20 4.70 %
Last 5 Financial years 3.50 9.82 35.63 %
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 25.46
P/E Before Unusual Items (TTM) 28.70
P/BV 2.51
Dividend Yield 3.38 %
Market Cap. (M) 606.00
Return on Average Assets 7.34 %
Return on Average Equity 9.94 %

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