Qassim Cement board recommends 6.5% dividend for Q3 2023

26/11/2023 Argaam Exclusive

Qassim Cement Co.’s board of directors recommended today, Nov. 26, a 6.5% cash dividend, or SAR 0.65 per share, for Q3 2023, the company said in a statement to Tadawul

Dividends Details

Current Capital

SAR 900 mln

No. of Shares

90 mln

Total Dividends

SAR 58.5 mln

Percentage of Capital

6.5% (SAR 0.65 per share)

Record Date

Nov. 30, 2023 (Shareholders registered with Edaa by the close of the second trading day following the record date)

Payment Date

Dec. 17, 2023

 

Total Profits Distributed Year-to-Date

Total Dividend 

SAR 175.5 mln 

Percentage of Capital (%) 

19.5% (SAR 1.95 per share) 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
26/11/2023 30/11/2023 17/12/2023 58.50 0.65
23/08/2023 28/08/2023 17/09/2023 58.50 0.65
24/05/2023 28/05/2023 14/06/2023 58.50 0.65
20/02/2023 21/03/2023 05/04/2023 54.00 0.60
22/11/2022 22/11/2022 12/12/2022 54.00 0.60
13/09/2022 25/09/2022 12/10/2022 45.00 0.50
17/05/2022 19/05/2022 06/06/2022 45.00 0.50
08/02/2022 13/02/2022 02/03/2022 54.00 0.60
23/11/2021 28/11/2021 15/12/2021 72.00 0.80
18/08/2021 22/08/2021 07/09/2021 90.00 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 8.30 80.90 10.26 %
Last 5 Financial years 16.20 32.85 49.32 %
Last 10 Financial years 37.85 89.25 42.41 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

53.90
0.20 0.37 %

Valuation Data (Latest Share Price)

P/E (TTM) 22.88
P/E Before Unusual Items (TTM) 24.46
P/BV 2.17
Dividend Yield 3.32 %
Market Cap. (M) 5,959.13
Return on Average Assets 10.62 %
Return on Average Equity 11.98 %

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