Riyadh Cables recommends 15% dividend for H2 2023

07/03/2024 Argaam Exclusive

Riyadh Cables Group Co.’s board of directors recommended, on March 6, a 15% cash dividend, or SAR 1.5 a share, for the second half of 2023.

 

Dividend Details (H2 2023)

Current Capital

SAR 1.5 bln

Number of Shares*

150 mln

Total Dividend

SAR 224.58 mln

Payment Ratio

15% (SAR 1.5 a share)

Record Date

Shareholders of record who are registered with Edaa by the close of the second trading day following the general meeting date

Payment Date

Later

 

Total Dividends for 2023

Total Dividends

 SAR 374.55 mln

Percentage of Capital

 25% (SAR 2.5 a share)

* The number of shares eligible to receive the dividend is 149.72 mln.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
11/12/2023 23/04/2024 30/04/2024 90.00 0.75
24/08/2023 01/09/2023 13/09/2023 96.00 0.80
20/12/2022 03/05/2023 11/05/2023 90.00 0.75
05/09/2022 15/09/2022 28/09/2022 90.00 0.75
23/12/2021 23/05/2022 31/05/2022 90.00 0.75
08/09/2021 16/09/2021 03/10/2021 120.00 1.00
29/12/2020 21/04/2021 28/04/2021 120.00 1.00
13/09/2020 20/09/2020 04/10/2020 90.00 0.75
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 4.80 30.80 15.58 %
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

32.40
(0.25) (0.77 %)

Valuation Data (Latest Share Price)

P/E (TTM) 14.27
P/E Before Unusual Items (TTM) 15.71
P/BV 2.29
Dividend Yield 4.53 %
Market Cap. (M) 3,888.00
Return on Average Assets -
Return on Average Equity 16.35 %

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