SABIC board declares 16% cash dividend for H2 2023

12/12/2023 Argaam Exclusive

Saudi Basic Industries Corp.’s (SABIC) board approved in its meeting, held on Dec. 11, the payment of a cash dividend at 16% of capital, or SAR 1.6 a share, for H2 2023, payable on March 4, 2024, according to a statement to Tadawul. 

 

H2 2023 Cash Dividends

Current Capital

SAR 30 bln

No. of Shares

3 bln

Total Dividends

SAR 4.8 bln

Percentage of Capital

16% (SAR 1.6 a share)

Record Date

Feb. 12, 2024 for shareholders of record and those registered with Edaa on the second trading day after the record date

Payment Date

March 4, 2024
 

Total Dividends (Full Year)

Total Dividends

SAR 10.2 bln

Percentage of Capital

34% (SAR 3.4 a share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
12/12/2023 12/02/2024 04/03/2024 4,800.00 1.60
15/06/2023 12/09/2023 02/10/2023 5,400.00 1.80
13/12/2022 13/03/2023 02/04/2023 6,000.00 2.00
19/06/2022 11/09/2022 02/10/2022 6,750.00 2.25
15/12/2021 10/04/2022 25/04/2022 6,750.00 2.25
22/06/2021 19/09/2021 03/10/2021 5,250.00 1.75
16/12/2020 13/04/2021 03/05/2021 4,500.00 1.50
17/06/2020 03/09/2020 20/09/2020 4,500.00 1.50
18/12/2019 21/04/2020 12/05/2020 6,600.00 2.20
23/05/2019 16/09/2019 30/09/2019 6,600.00 2.20
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 11.65 100.60 11.58 %
Last 5 Financial years 19.05 116.20 16.39 %
Last 10 Financial years 42.65 113.50 37.58 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Saudi Basic Industries Corp.
74.90
(1.20) (1.58 %)

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Valuation Data (Latest Share Price)

P/E (TTM) NEG
P/E Before Unusual Items (TTM) 72.56
P/BV 1.37
Dividend Yield 4.07 %
Market Cap. (M) 224,700.00
Return on Average Assets (0.74 %)
Return on Average Equity (1.28 %)

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