Modern Mills board proposes SAR 1/share cash dividend for 2023

31/03/2024 Argaam Exclusive

Modern Mills for Food Products Co.’s board of directors recommended, on March 28, the payment of a cash dividend at 100% of capital, or SAR 1 a share, for 2023, according to a statement to Tadawul.

 

Cash Dividends (2023)

Current Capital

SAR 81.83 mln

No. of Shares*

81.83 mln

Stock Par Value

SAR 1 a share

Total Dividends

SAR 81.83 mln

Percentage of Capital

100% (SAR 1 a share)

Record Date

Shareholders of record and those registered with Edaa on the second trading day following the general meeting date.

Payment Date

To be determined later

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
31/03/2024 12/06/2024 07/07/2024 81.83 1.00
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 N/A N/A N/A
Last 5 Financial years N/A N/A N/A
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 17.05
P/E Before Unusual Items (TTM) 16.39
P/BV 16.87
Dividend Yield -
Market Cap. (M) 3,563.78
Return on Average Assets 17.21 %
Return on Average Equity 88.38 %

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