Riyadh Cement shareholders OK 7.5% cash dividend for H2 2023

24/04/2024 Argaam Exclusive

Shareholders of Riyadh Cement Co. approved the board’s recommendation on a 7.5% cash dividend, or SAR 0.75 per share, for the second half of 2023, during the ordinary general meeting (OGM) held on April 23, according to a Tadawul statement.

 

Dividend Details (H2 2023)

Current Capital

SAR 1.20 bln

Number of Shares

120 mln

Total Dividend

SAR 90 mln

Percentage of Capital

7.5% (SAR 0.75 a share)

Record Date

April 23, 2024 (Shareholders registered with Edaa by the close of the second trading day after the OGM date.)

Date of Payment

April 30, 2024
 

Total Dividends for 2023

Total Dividends

SAR 186 mln

Percentage of Capital

15.5% (SAR 1.55 a share)
 

Shareholders also authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2024.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
11/12/2023 23/04/2024 30/04/2024 90.00 0.75
24/08/2023 01/09/2023 13/09/2023 96.00 0.80
20/12/2022 03/05/2023 11/05/2023 90.00 0.75
05/09/2022 15/09/2022 28/09/2022 90.00 0.75
23/12/2021 23/05/2022 31/05/2022 90.00 0.75
08/09/2021 16/09/2021 03/10/2021 120.00 1.00
29/12/2020 21/04/2021 28/04/2021 120.00 1.00
13/09/2020 20/09/2020 04/10/2020 90.00 0.75
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 4.80 30.80 15.58 %
Last 5 Financial years N/A N/A N/A
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

Riyadh Cement Co.
32.40
(0.25) (0.77 %)

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Valuation Data (Latest Share Price)

P/E (TTM) 14.27
P/E Before Unusual Items (TTM) 15.71
P/BV 2.29
Dividend Yield 4.53 %
Market Cap. (M) 3,888.00
Return on Average Assets -
Return on Average Equity 16.35 %

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