Northern Cement board approves 2.5% cash dividend for 2023

21/03/2024 Argaam Exclusive

Northern Region Cement Co.’s board of directors approved today, March 21, paying a cash dividend at 2.5% of capital, or SAR 0.25 a share, for 2023, according to a Tadawul statement.

Cash Dividend Details (2023)

Current Capital

SAR 1.8 bln

Number of Shares

180 mln

Total Dividend

SAR 45 mln

Percentage of Capital

2.5% (SAR 0.25 a share)

Record Date

March 31, 2023 (Shareholders registered with Edaa on the second trading day after the record date)

Payment Date

April 24, 2024

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
21/03/2024 31/03/2024 24/04/2024 45.00 0.25
22/05/2023 31/05/2023 15/06/2023 45.00 0.25
03/10/2022 09/10/2022 23/10/2022 45.00 0.25
28/03/2022 10/04/2022 20/04/2022 45.00 0.25
04/08/2021 10/08/2021 24/08/2021 45.00 0.25
09/03/2021 14/03/2021 28/03/2021 45.00 0.25
30/08/2020 03/09/2020 27/09/2020 45.00 0.25
10/08/2016 14/08/2016 28/08/2016 81.00 0.45
26/01/2016 16/03/2016 14/04/2016 90.00 0.50
22/07/2015 30/07/2015 31/08/2015 108.00 0.60
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 1.25 11.96 10.45 %
Last 5 Financial years 1.75 8.30 21.08 %
Last 10 Financial years 5.20 23.25 22.37 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 21.94
P/E Before Unusual Items (TTM) 57.37
P/BV 0.71
Dividend Yield 2.37 %
Market Cap. (M) 1,614.60
Return on Average Assets 2.13 %
Return on Average Equity 3.25 %

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