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

ajax loading

Valuation Data (Latest Share Price)

P/E (TTM) 30.46
P/E Before Unusual Items (TTM) 30.46
P/BV 5.89
Dividend Yield 0.77 %
Market Cap. (M) 22,500.00
Return on Average Assets 4.09 %
Return on Average Equity 21.02 %

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.