Americana to vote on $0.02/shr dividend for 2023 on April 24

03/04/2024 Argaam Exclusive

Americana Restaurants International’s shareholders will discuss the payment of an ordinary cash dividend at $129.7 million and a one-time special cash dividend of $49.7 million, for 2023, during the ordinary general meeting (OGM) scheduled for April 24, according to a statement to Tadawul.

 

Cash Dividends Details

Current Capital

 SAR 631.77 mln (AED 618.53 mln)

Number of Shares

8.42   bln

Dividends Distributed for 2023

 $129.7 mln (SAR 486.5 mln, or AED 476.3 mln)

One-Time Special Dividend

$49.7 mln (SAR 186.4 mln, or AED 182.5 mln)

EPS

$0.0213 per share (SAR 0.08 a share, AED 0.078 a share)

Total Dividends

$179.4 mln (SAR 672.9 mln, or AED 658.8 mln)

Payment Ratio

106.5%

Record Date

To be Determined Later

Payment Date

To be Determined Later

 

Shareholders will also vote on the buyback of 25 million shares to be allocated to the long-term employee incentive plan, pending the regulatory approvals, the statement added.

 

The board of directors and any person authorized by the board, either jointly or individually, shall be authorized to finalize the repurchase transactions and the related measures, the statement added.

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
15/02/2024 24/04/2024 - 672.95 0.08
22/02/2023 04/04/2023 26/04/2023 388.01 0.05
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

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Valuation Data (Latest Share Price)

P/E (TTM) 31.14
P/E Before Unusual Items (TTM) 31.14
P/BV 15.43
Dividend Yield 2.47 %
Market Cap. (M) 26,787.14
Return on Average Assets 15.88 %
Return on Average Equity 65.67 %

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