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
29/08/2023 07/09/2023 21/09/2023 84.38 0.08
17/03/2022 20/04/2022 17/05/2022 45.00 0.04
17/03/2021 26/04/2021 09/05/2021 22.50 0.02
21/03/2018 13/05/2018 27/05/2018 45.00 0.04
14/03/2017 25/04/2017 11/05/2017 40.50 0.04
19/11/2015 30/11/2015 14/12/2015 22.50 0.02
21/04/2015 14/05/2015 31/05/2015 22.50 0.02
30/12/2014 20/04/2015 06/05/2015 45.00 0.04
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

Electrical Industries Co.
6.13
0.13 2.17 %

Most Read

ajax loading

Valuation Data (Latest Share Price)

P/E (TTM) 28.60
P/E Before Unusual Items (TTM) 27.45
P/BV 9.39
Dividend Yield 5.28 %
Market Cap. (M) 6,896.25
Return on Average Assets 13.03 %
Return on Average Equity 34.41 %

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.