Tawuniya board proposes 10% cash dividend for 2023

14/04/2024 Argaam Exclusive

The Company for Cooperative Insurance’s (Tawuniya) board of directors recommended on April 8 paying cash dividends of SAR 1 per share, or 10% of capital, for 2023.

 

Dividend Details (2023)

Current capital

SAR 1.5 bln

Number of shares

150 mln

Total dividend 

SAR 150 mln

Percentage of capital

10% (SAR 1 per share)

Record date

Shareholders of record by the close of the second trading day following the general meeting date.

Payment date

To be announced

 

In a statement to Tadawul, the company said that it received a no-objection letter from the Insurance Authority to distribute 2023 cash dividends to shareholders.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
14/04/2024 23/06/2024 07/07/2024 150.00 1.00
08/05/2023 07/06/2023 19/06/2023 125.00 0.83
06/04/2021 29/04/2021 09/05/2021 100.00 0.67
15/02/2017 21/03/2017 27/03/2017 500.00 3.33
21/02/2016 21/03/2016 24/03/2016 100.00 0.67
11/02/2015 16/03/2015 19/03/2015 145.00 0.97
06/02/2012 12/03/2012 17/03/2012 262.50 1.75
12/02/2011 30/03/2011 06/04/2011 150.00 1.00
01/02/2010 09/03/2010 31/03/2010 200.00 1.33
07/02/2009 10/03/2009 26/03/2009 100.00 0.67
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 1.83 66.00 2.78 %
Last 5 Financial years 2.50 50.25 4.98 %
Last 10 Financial years 7.47 23.20 32.19 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 20.60
P/E Before Unusual Items (TTM) 20.60
P/BV 4.52
Dividend Yield 0.77 %
Market Cap. (M) 19,440.00
Return on Average Assets 4.78 %
Return on Average Equity 24.04 %

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