Lazurde shareholders to vote on 3% cash dividend for 2023 on May 21

30/04/2024 Argaam Exclusive

Lazurde Company for Jewelry's shareholders are set to vote on a board recommendation to pay a 3% cash dividend, or SAR 0.30 a share, for 2023, during the ordinary general meeting to be held on May 21, according to a statement to Tadawul.   

 

Dividend (2023)  

Current Capital 

SAR 575 mln

Number of Shares 

57.50 mln

Total Dividends 

SAR 17.25 mln

Percentage of Capital 

3% (SAR 0.30 per share)

Record Date 

May 21, 2024, including shareholders registered with Edaa on the second day of trading following the record date

Payment Date 

To be announced later

 

Meanwhile, shareholders will vote on authorizing the board of directors to distribute interim dividends for 2024 on a semi-annual or quarterly basis.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
31/03/2024 21/05/2024 10/06/2024 17.25 0.30
23/03/2023 19/06/2023 13/07/2023 17.25 0.30
17/03/2022 30/06/2022 06/07/2022 14.38 0.25
23/03/2017 10/04/2017 24/04/2017 21.50 0.43
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 0.85 16.79 5.06 %
Last 5 Financial years 0.85 13.67 6.22 %
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

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Valuation Data (Latest Share Price)

P/E (TTM) 18.70
P/E Before Unusual Items (TTM) 23.80
P/BV 2.75
Dividend Yield 2.11 %
Market Cap. (M) 882.05
Return on Average Assets 2.64 %
Return on Average Equity 13.49 %

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