Electrical Industries board approves 15% cash dividend for H2 2023

12/03/2024 Argaam Exclusive

Electrical Industries Co.'s (EIC) board of directors approved, on March 11, a 15% cash dividend, or 0.075 per share, for the second half of 2023.

Dividend Details
Current capital	SAR 562.5 mln
Nominal Value	SAR 0.50 per share
Number of shares	1.12 bln
Dividend	SAR 84.38 mln
Percentage of capital	15% (SAR 0.075 per share)
Record date	March 31, 2024 (Shareholders registered with Edaa at the end of the second trading day following the record date)
Payment date	April 24, 2024

According to data available on Argaam, shareholders of EIC approved, in October 2023, the board’s recommendation to reduce the stock par value from SAR 10 to SAR 0.5.

The company’s board approved a 15% cash dividend (SAR 1.5 per share) for H1 2023.

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
12/03/2024	31/03/2024	24/04/2024	84.38	0.08	H 2 _ 2023
29/08/2023	07/09/2023	21/09/2023	84.38	0.08	H 1 _ 2023
17/03/2022	20/04/2022	17/05/2022	45.00	0.04	FY _ 2021
17/03/2021	26/04/2021	09/05/2021	22.50	0.02	FY 2020
21/03/2018	13/05/2018	27/05/2018	45.00	0.04	The General Assembly approved 10 % cash dividend FY-2017
14/03/2017	25/04/2017	11/05/2017	40.50	0.04	The General Assembly approved 9% cash dividend FY-2016
19/11/2015	30/11/2015	14/12/2015	22.50	0.02	The General Assembly approved 5% cash dividends for Q2&Q3 2015
21/04/2015	14/05/2015	31/05/2015	22.50	0.02	The General Assembly approved 5% cash dividends for Q1 2015
30/12/2014	20/04/2015	06/05/2015	45.00	0.04	The General Assembly approved 10% cash dividends for H2 2014

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	0.19	0.98	19.31 %
Last 5 Financial years	0.21	0.67	31.20 %
Last 10 Financial years	0.37	2.37	15.44 %

Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	23.47
P/E Before Unusual Items (TTM)	21.64
P/BV	9.91
Dividend Yield	5.28 %
Market Cap. (M)	8,370.00
Return on Average Assets	17.69 %
Return on Average Equity	46.57 %

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