Al-Jouf Agricultural’s board approves 2.5% dividend for H1 2023

17/12/2023 Argaam Exclusive

Al-Jouf Agricultural Development Co.’s board of directors approved distributing cash dividends of SAR 0.25 per share, or 2.5% of the capital, for the first half of 2023.

 

The approval came during the board meeting held on Dec. 14

 

Dividend Details (H1 2023)

Current capital

SAR 300 mln

Number of shares

30 mln

Total dividend

SAR 7.5 mln

Percentage of capital

2.5% (SAR 0.25 per share)

Record date

January. 15, 2024 (Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day following the record date)

Payment date

Within 15 working days of the record date

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
17/12/2023 15/01/2024 30/01/2024 7.50 0.25
05/03/2023 16/03/2023 03/05/2023 15.00 0.50
10/08/2022 15/08/2022 25/08/2022 15.00 0.50
24/12/2020 27/01/2021 11/02/2021 7.50 0.25
20/08/2020 27/08/2020 10/09/2020 15.00 0.50
19/03/2020 06/05/2020 21/05/2020 15.00 0.50
30/07/2019 04/08/2019 20/08/2019 15.00 0.50
06/03/2019 10/04/2019 21/04/2019 30.00 1.00
22/03/2018 15/05/2018 31/05/2018 30.00 1.00
12/12/2016 20/04/2017 07/05/2017 30.00 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 1.75 36.45 4.80 %
Last 5 Financial years 3.50 21.28 16.45 %
Last 10 Financial years 8.50 41.08 20.69 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 22.17
P/E Before Unusual Items (TTM) 24.85
P/BV 2.48
Dividend Yield 1.53 %
Market Cap. (M) 1,854.00
Return on Average Assets 7.28 %
Return on Average Equity 11.56 %

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