ANB board OKs 7% dividend for H2 2023

06/02/2024 Argaam Exclusive

The board of Arab National Bank (ANB) declared on Feb. 5 a 7% cash dividend for the second half of 2023 at SAR 0.70 per share, the bank said in a statement to Tadawul.

 

Dividend Details (H2 2023)

Current capital

SAR 15 bln

Number of shares

1.5 bln

Dividend

SAR 1.05 bln

Percentage of capital*

7% (SAR 0.70 per share)

Record date

Feb. 11, 2024 (Shareholders registered with the Securities Depository Center by the end of the second trading session following the record date)

Payment date

Feb. 25, 2024

 

Dividend Details (2023)

Total dividends

SAR 2.02 bln

Percentage of capital*

13.5% (or SAR 1.35 per share)

*After Zakat

 

The approval of the Saudi Central Bank (SAMA) was obtained for the semi-annual dividend, the bank added.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
06/02/2024 11/02/2024 25/02/2024 1,050.00 0.53
24/07/2023 27/07/2023 08/08/2023 975.00 0.49
21/12/2022 28/03/2023 11/04/2023 900.00 0.45
27/06/2022 29/06/2022 18/07/2022 750.00 0.38
22/12/2021 12/04/2022 21/04/2022 675.00 0.34
24/06/2021 05/07/2021 14/07/2021 525.00 0.26
04/03/2021 30/03/2021 12/04/2021 600.00 0.30
29/12/2019 30/03/2020 13/04/2020 750.00 0.38
04/07/2019 10/07/2019 24/07/2019 750.00 0.38
24/12/2018 27/03/2019 08/04/2019 850.00 0.43
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 2.44 15.10 16.14 %
Last 5 Financial years 3.49 15.97 21.84 %
Last 10 Financial years 6.29 13.22 47.57 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

19.66
(0.24) (1.21 %)

Valuation Data (Latest Share Price)

P/E (TTM) 8.46
P/E Before Unusual Items (TTM) 7.99
P/BV 1.08
Dividend Yield 5.34 %
Market Cap. (M) 39,320.00
Return on Average Assets 2.03 %
Return on Average Equity 13.27 %

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