Baazeem shareholders to vote on11% cash dividend for H2 2023 on May 14

21/04/2024 Argaam Exclusive

Baazeem Trading Co.’s shareholders are set to vote on a board of directors recommendation of an 11% cash dividend for the second half of 2023, during the extraordinary general meeting (EGM) that will be held on May 14, according to a Tadawul statement.

 

Shareholders will also vote on other items including amending bylaws and related party transactions.

 

Dividend Details (H2 2023)

Current Capital

SAR 101.25 mln

Number of Shares

10.13 mln

Dividend

SAR 11.14 mln

Percentage of Capital

11% (SAR 1.10 per share)

Record Date

Shareholders registered with Edaa by the close of trading on the second trading day following the general assembly date, to be set later

Payment Date

To be set later

 

Full-Year Dividends (2023)

Total Dividend

SAR 18.2 mln

Percentage of Capital

18% (SAR 1.8 per unit)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
18/03/2024 06/06/2024 25/06/2024 11.14 0.11
10/08/2023 23/08/2023 06/09/2023 7.09 0.07
16/03/2023 02/05/2023 17/05/2023 11.14 0.11
09/08/2022 16/08/2022 04/09/2022 7.09 0.07
13/03/2022 09/05/2022 23/05/2022 17.72 0.18
04/03/2021 22/04/2021 07/05/2021 17.72 0.18
15/03/2020 16/04/2020 30/04/2020 16.20 0.16
14/03/2019 18/04/2019 28/04/2019 15.18 0.15
05/03/2018 02/05/2018 21/05/2018 17.21 0.17
14/03/2017 22/05/2017 04/06/2017 17.21 0.17
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 8.65 6.18 %
Last 5 Financial years 0.87 2.90 30.00 %
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

6.80
0.06 0.89 %

Valuation Data (Latest Share Price)

P/E (TTM) 30.99
P/E Before Unusual Items (TTM) 30.99
P/BV 3.55
Dividend Yield 2.77 %
Market Cap. (M) 688.50
Return on Average Assets 9.09 %
Return on Average Equity 11.58 %

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