Al-Etihad Insurance plans first ever dividend at 6% for 2023

15/04/2024 Argaam Exclusive

Al-Etihad Cooperative Insurance Co.’s board of directors recommended, on April 14, the payment of a cash dividend at 6% of capital, or SAR 0.6 a share, for 2023, according to a statement to Tadawul.

 

Dividend Details (2023)

Current Capital 

SAR 450 mln 

Number of Shares 

45 mln 

Total Dividends 

SAR 27 mln 

Percentage of Capital 

6% (SAR 0.6 a share) 

Record Date  

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

Payment Date  

To be determined later 

 

The Saudi insurer obtained the go-ahead of the Insurance Authority (IA) for the dividend payment, which is the first since its debut on Tadawul in 2007.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
15/04/2024 29/05/2024 10/06/2024 27.00 0.54
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 0.54 19.50 2.77 %
Last 5 Financial years 0.54 13.81 3.91 %
Last 10 Financial years 0.54 13.66 3.95 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 11.14
P/E Before Unusual Items (TTM) 11.14
P/BV 1.27
Dividend Yield 3.26 %
Market Cap. (M) 890.00
Return on Average Assets 4.83 %
Return on Average Equity 11.88 %

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.