Luberef board recommends 50% cash dividend for H2 2023

28/02/2024 Argaam Exclusive

Saudi Aramco Base Oil Co.’s (Luberef) board of directors recommended, on Feb 27, the payment of a cash dividend at 50% of capital, or SAR 5 a share, for H2 2023, as follows:

 

Cash Dividends (H2 2023)

Current Capital

SAR 1.68 bln

No. of Shares*

168.75 mln

Total Dividends

SAR 841.28 mln

Percentage of Capital

50% (SAR 5 a share)

Record Date

The end of trading on the day of the general assembly (to be announced later), and for shareholders registered with Edaa on the second trading day following the record date.

Payment Date

15 business days from eligibility date

*Number of eligible shares is 168.26 mln

 

Total Dividend (2023)

Total Dividend

SAR 1.68 mln

Percentage of Capital

100% (SAR 10 a share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
28/02/2024 28/03/2024 18/04/2024 841.28 5.00
30/07/2023 01/10/2023 15/10/2023 841.28 5.00
19/02/2023 30/04/2023 11/05/2023 841.29 5.00
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 N/A N/A N/A
Last 5 Financial years N/A N/A N/A
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

109.00
(1.60) (1.45 %)

Valuation Data (Latest Share Price)

P/E (TTM) 17.82
P/E Before Unusual Items (TTM) 18.32
P/BV 4.44
Dividend Yield 6.87 %
Market Cap. (M) 18,393.75
Return on Average Assets 11.72 %
Return on Average Equity 23.50 %

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