SADAFCO board declares 60% cash dividend for H1 2023/24

27/02/2024 Argaam Exclusive

Saudia Dairy and Foodstuff Co. (SADAFCO) board of directors approved today, Feb. 27, the distribution of cash dividend at 60% of capital, or SAR 6 per share, for the first six months ended Sept. 30, 2023, the company said in a statement to Tadawul.

Dividend Details (H1 2023/24)

Current Capital

SAR 325 mln

Number of Shares*

32.50 mln

Total Dividend

SAR 192 mln

Percentage of Capital

60% (SAR 6 per share)

Record Date

Feb. 29, 2024

Payment Date

March 19, 2024

* Number of eligible shares are 32 mln

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
27/02/2024 29/02/2024 19/03/2024 192.00 6.00
19/06/2023 22/08/2023 10/09/2023 96.00 3.00
03/01/2023 05/01/2023 23/01/2023 96.00 3.00
25/05/2022 28/06/2022 19/07/2022 96.00 3.00
04/01/2022 06/01/2022 25/01/2022 96.00 3.00
13/06/2021 12/07/2021 05/08/2021 96.00 3.00
05/01/2021 06/01/2021 25/01/2021 96.00 3.00
06/05/2020 16/06/2020 05/07/2020 81.25 2.50
02/12/2019 04/12/2019 22/12/2019 81.25 2.50
09/05/2019 11/06/2019 01/07/2019 65.00 2.00
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 24.00 173.20 13.86 %
Last 5 Financial years 35.00 101.60 34.45 %
Last 10 Financial years 54.50 86.50 63.01 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 23.85
P/E Before Unusual Items (TTM) 24.06
P/BV 6.88
Dividend Yield 3.53 %
Market Cap. (M) 11,823.50
Return on Average Assets 18.73 %
Return on Average Equity 28.16 %

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