stc shareholders to vote on 10% additional cash dividend for 2023 on April 25

04/04/2024 Argaam Exclusive

stc shareholders will vote on the payment of a 10% additional cash dividend for 2023 during the ordinary general meeting that will be held on April 25. 

Details of Additional Cash Dividend

Current Capital

SAR 50 bln

No. of Shares

5 bln

Total Dividend*

SAR 4.98 bln

Percentage of Capital

10% (SAR 1 a share)

Record Date

Shareholders of record on the second trading day following the general meeting date

Payment Date

May 15, 2024

*The number of eligible shares reaches 4.98 bln

 

Total Dividends for 2023

Total Dividends

 SAR 12.95 bln

Percentage of Capital

26% (SAR 2.6 a share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
19/02/2024 25/02/2024 14/03/2024 1,993.80 0.40
19/02/2024 25/04/2024 15/05/2024 4,984.50 1.00
30/10/2023 05/11/2023 23/11/2023 1,993.80 0.40
30/07/2023 03/08/2023 23/08/2023 1,993.79 0.40
10/05/2023 18/05/2023 07/06/2023 1,992.87 0.40
20/02/2023 26/02/2023 16/03/2023 1,992.87 0.40
27/10/2022 02/11/2022 22/11/2022 1,996.15 0.40
03/08/2022 07/08/2022 25/08/2022 1,997.50 0.40
28/04/2022 11/05/2022 31/05/2022 1,997.10 0.40
21/02/2022 27/02/2022 17/03/2022 1,997.10 0.40
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 5.80 42.40 13.67 %
Last 5 Financial years 9.40 36.60 25.67 %
Last 10 Financial years 18.00 22.20 81.06 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

39.95
0.15 0.38 %

Valuation Data (Latest Share Price)

P/E (TTM) 14.79
P/E Before Unusual Items (TTM) 16.49
P/BV 2.52
Dividend Yield 6.42 %
Market Cap. (M) 199,750.00
Return on Average Assets 8.50 %
Return on Average Equity 17.08 %

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