Saudi Cement board recommends 10% cash dividend for H2 2023

07/02/2024 Argaam Exclusive

Saudi Cement Co.'s board of directors, in a meeting today, Feb. 7, recommended the distribution of a 10% cash dividend, at SAR 1 per share, for the second half of 2023, according to a statement to Tadawul.

Dividend Details (H2 2023)

Current Capital

SAR 1.53 bln

Number of Shares

153 mln

Total Dividends

SAR 153 mln

Percentage of Capital

10% (SAR 1 per share)

Eligibility

Shareholders of record by the end of trading on the general assembly date and those registered with Securities Depository Center (Edaa) at the end of the second trading day following the general assembly date

Payment Date

To be announced later

 

Dividend Details (2023)

Percentage of Capital

25% (SAR 2.5 per share)

Total Dividends

SAR 382.5 mln

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
07/02/2024 24/04/2024 08/05/2024 153.00 1.00
07/06/2023 11/06/2023 20/06/2023 229.50 1.50
01/02/2023 13/04/2023 07/05/2023 267.75 1.75
02/06/2022 05/06/2022 15/06/2022 229.50 1.50
01/02/2022 10/04/2022 20/04/2022 306.00 2.00
02/06/2021 06/06/2021 16/06/2021 229.50 1.50
03/02/2021 07/04/2021 19/04/2021 306.00 2.00
10/06/2020 15/06/2020 25/06/2020 229.50 1.50
06/02/2020 21/04/2020 05/05/2020 306.00 2.00
29/05/2019 12/06/2019 02/07/2019 229.50 1.50
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 9.25 60.50 15.29 %
Last 5 Financial years 16.25 47.45 34.25 %
Last 10 Financial years 41.00 101.50 40.39 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

43.80
(0.25) (0.57 %)
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Valuation Data (Latest Share Price)

P/E (TTM) 18.06
P/E Before Unusual Items (TTM) 18.06
P/BV 2.95
Dividend Yield 4.75 %
Market Cap. (M) 6,701.40
Return on Average Assets 11.33 %
Return on Average Equity 15.82 %

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