Almarai board proposes 10% cash dividend for 2023

20/12/2023 Argaam Exclusive

Almarai Co.’s board of directors recommended, on Dec. 19, the payment of a cash dividend at 10% of capital, or SAR 1 a share, for 2023, according to a statement to Tadawul.

Dividend Details

Current Capital

SAR 10 bln

Number of Shares

1 bln

Total Dividend

SAR 1 bln

Percentage of Capital

10% (SAR 1 a share)

Record Date

Shareholders of record, or those registered with Edaa on the second trading day following the general meeting date

Payment Date

Later

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
20/12/2023 02/04/2024 16/04/2024 1,000.00 1.00
20/12/2022 11/04/2023 17/04/2023 1,000.00 1.00
16/12/2021 12/04/2022 20/04/2022 1,000.00 1.00
15/12/2020 13/04/2021 21/04/2021 1,000.00 1.00
09/12/2019 05/04/2020 13/04/2020 850.00 0.85
10/12/2018 07/04/2019 15/04/2019 850.00 0.85
11/12/2017 09/04/2018 17/04/2018 750.00 0.75
06/12/2016 26/03/2017 04/04/2017 720.00 0.72
14/12/2015 03/04/2016 12/04/2016 690.00 0.69
28/12/2014 05/04/2015 12/04/2015 600.00 0.60
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 3.00 54.00 5.56 %
Last 5 Financial years 4.85 48.00 10.10 %
Last 10 Financial years 8.46 31.88 26.54 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

52.70
(0.20) (0.38 %)

Valuation Data (Latest Share Price)

P/E (TTM) 23.39
P/E Before Unusual Items (TTM) 23.39
P/BV 2.84
Dividend Yield 1.79 %
Market Cap. (M) 52,700.00
Return on Average Assets 6.32 %
Return on Average Equity 12.50 %

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