Riyadh Cement board recommends 7.5% dividend for H2 2023

11/12/2023 Argaam Exclusive

The board of Riyadh Cement Co. recommended today, Dec. 11, a 7.5% cash dividend, or SAR 0.75 per share, for the second half of 2023, according to a statement to Tadawul

Dividend Details (H2 2023)

Current Capital

SAR 1.20 bln

Number of Shares

120 mln

Total Dividend

SAR 90 mln

Percentage of Capital

7.5% (SAR 0.75 a share)

Record Date

Shareholders of record at the general assembly meeting (which will be announced later) and those registered with Edaa on the second trading day following the record date.

Date of Payment

To be announced later

 

Total Dividends for 2023

Total Dividends

SAR 186 mln

Percentage of Capital

15.5% (SAR 1.55 a share)

 

The company recently transitioned from the Nomu-Parallel Market to the Main Market.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
11/12/2023 23/04/2024 30/04/2024 90.00 0.75
24/08/2023 01/09/2023 13/09/2023 96.00 0.80
20/12/2022 03/05/2023 11/05/2023 90.00 0.75
05/09/2022 15/09/2022 28/09/2022 90.00 0.75
23/12/2021 23/05/2022 31/05/2022 90.00 0.75
08/09/2021 16/09/2021 03/10/2021 120.00 1.00
29/12/2020 21/04/2021 28/04/2021 120.00 1.00
13/09/2020 20/09/2020 04/10/2020 90.00 0.75
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 4.80 30.80 15.58 %
Last 5 Financial years N/A N/A N/A
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

32.20
(0.20) (0.62 %)

Valuation Data (Latest Share Price)

P/E (TTM) 14.18
P/E Before Unusual Items (TTM) 15.61
P/BV 2.27
Dividend Yield 4.53 %
Market Cap. (M) 3,864.00
Return on Average Assets -
Return on Average Equity 16.35 %

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