Arabian Cement board recommends 7.5% dividend for H2 2023

10/03/2024 Argaam Exclusive

Arabian Cement Co.’s board of directors recommended today, March 10, the distribution of a 7.5% cash dividend, or SAR 0.75 per share, for the second half of 2023, according to a statement to Tadawul.

Dividend Details (H2 2023)

Current Capital

SAR 1 bln

Number of Shares

100 mln

Total Dividend

SAR 75 mln

Percentage of Capital

7.5% (SAR 0.75 a share)

Record Date

Shareholders of record and those registered with Edaa on the second trading day following the general meeting data, the date for which to be determined later

Payment Date

To be announced later after the EGM’s approval on the dividend distribution

 

Dividends Details (2023)

Total Dividends

SAR 150 mln

Percentage of Capital

15 % (SAR 1.5 a share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
10/03/2024 28/04/2024 09/05/2024 75.00 0.75
07/08/2023 10/08/2023 25/08/2023 75.00 0.75
23/02/2023 09/04/2023 17/04/2023 110.00 1.10
09/08/2022 31/08/2022 15/09/2022 110.00 1.10
28/02/2022 17/04/2022 12/05/2022 150.00 1.50
16/08/2021 18/08/2021 06/09/2021 125.00 1.25
01/03/2021 11/04/2021 02/05/2021 125.00 1.25
26/07/2020 10/08/2020 26/08/2020 100.00 1.00
02/03/2020 19/04/2020 07/05/2020 100.00 1.00
04/08/2019 05/08/2019 29/08/2019 75.00 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 6.45 36.10 17.87 %
Last 5 Financial years 10.45 22.80 45.83 %
Last 10 Financial years 28.95 51.80 55.89 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

26.05
(0.10) (0.38 %)

Valuation Data (Latest Share Price)

P/E (TTM) 16.12
P/E Before Unusual Items (TTM) 18.08
P/BV 1.03
Dividend Yield 4.35 %
Market Cap. (M) 2,605.00
Return on Average Assets 5.22 %
Return on Average Equity 6.37 %

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