Saudi Cement Co.'s shareholders are set to vote on a board recommendation to distribute a 10% cash dividend, at SAR 1 per share, for the second half of 2023, during the extraordinary general meeting (EGM) to be held on April 24, according to a statement to Tadawul.
Dividend Details (H2 2023) |
|
Current Capital |
SAR 1.53 bln |
Number of Shares |
153 mln |
Total Dividends |
SAR 153 mln |
Percentage of Capital |
10% (SAR 1 per share) |
Eligibility |
April 24, 2024 (Shareholders registered with Securities Depository Center (Edaa) at the end of the second trading day following the EGM date) |
Payment Date |
May 8, 2024 |
Dividend Details (2023) |
|
Percentage of Capital |
25% (SAR 2.5 per share) |
Total Dividends |
SAR 382.5 mln |
Meanwhile, shareholders will vote on authorizing the board of directors to distribute dividends for 2024 on a semi-annual or quarterly basis.
In addition, the EGM will vote on transferring the statutory reserve balance of SAR 459 million as of Dec. 31, 2023, to the retained earnings account.
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
Data not available |
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 | 9.10 | N/A |
Last 5 Financial years | N/A | 7.91 | N/A |
Last 10 Financial years | N/A | 13.30 | N/A |
P/E (TTM) | NEG |
P/E Before Unusual Items (TTM) | NEG |
P/BV | 1.69 |
Dividend Yield | - |
Market Cap. (M) | 9,675.82 |
Return on Average Assets | (5.67 %) |
Return on Average Equity | (14.16 %) |
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