Budget Saudi’s board recommends 10% cash dividend for 2023

25/03/2024 Argaam Exclusive

United International Transportation Co.’s (Budget Saudi) board of directors recommended today, March 25, paying a 10% cash dividend (SAR 1 a share) for 2023, according to a statement to Tadawul.

Dividend Details (H2 2023)

Current Capital

SAR 711.7 mln 

Number of Shares

71.17 mln

Total Dividend

SAR 35.6 mln

Percentage of Capital

10% (SAR 1 a share)

Eligibility

Shareholders of record and those registered with Edaa on the second trading day after the general meeting date (record date), which will be revealed later

Payment Date

To be determined later

 

Full-Year Dividend (2023)

Total Dividend

SAR 106.8 mln

Percentage of Capital

10% (SAR 1.5 a share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
25/03/2024 23/05/2024 06/06/2024 71.17 1.00
27/07/2023 24/08/2023 13/09/2023 35.58 0.50
23/02/2023 13/04/2023 09/05/2023 106.75 1.50
31/07/2022 18/08/2022 01/09/2022 35.58 0.50
30/03/2022 17/05/2022 02/06/2022 92.52 1.30
22/08/2021 01/09/2021 20/09/2021 42.70 0.60
07/02/2021 29/04/2021 10/05/2021 88.96 1.25
23/07/2020 28/07/2020 20/08/2020 35.58 0.50
20/04/2020 15/06/2020 01/07/2020 35.58 0.50
27/10/2019 31/10/2019 19/11/2019 35.58 0.50
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 5.40 37.55 14.38 %
Last 5 Financial years 8.15 26.70 30.52 %
Last 10 Financial years 14.26 30.63 46.57 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 20.75
P/E Before Unusual Items (TTM) 20.75
P/BV 2.23
Dividend Yield 1.73 %
Market Cap. (M) 5,784.58
Return on Average Assets 7.24 %
Return on Average Equity 12.72 %

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