SNB shareholders approve 9% dividend for H2 2023

02/05/2024 Argaam Exclusive

Saudi National Bank’s (SNB) shareholders approved on May 1 the distribution of a 9% cash dividend, at SAR 0.90 per share after Zakat, for the second half of 2023, as the following table shows:

 

Dividend Details (H2 2023)

 

Current capital

SAR 60 bln

Number of shares

6 bln

Dividend

SAR 5.4 bln

Percentage of capital

9% (SAR 0.90 per share after Zakat)

Record date

May 1, 2024 - Shareholders of record on the general assembly date and those registered with Edaa on the second trading day after the meeting date

Payment date

May 14, 2024
 

Full-Year Dividend

Dividend

SAR 10.5 bln

Percentage of capital

17.5% (SAR 1.75 per share)
 

Meanwhile, shareholders approved authorizing the board to distribute interim dividends on a semiannual or a quarterly basis for 2024.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
25/02/2024 01/05/2024 14/05/2024 5,400.00 0.90
26/07/2023 01/08/2023 13/08/2023 5,100.00 0.85
12/01/2023 07/05/2023 18/05/2023 2,686.80 0.45
03/07/2022 13/07/2022 21/07/2022 4,925.80 0.82
27/01/2022 17/04/2022 26/04/2022 4,030.20 0.67
09/08/2021 12/08/2021 23/08/2021 2,910.70 0.49
04/04/2021 06/05/2021 23/05/2021 3,582.40 0.89
26/12/2019 31/03/2020 09/04/2020 3,600.00 0.90
29/07/2019 01/08/2019 21/08/2019 3,300.00 0.82
23/12/2018 10/04/2019 24/04/2019 3,288.35 0.82
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 4.29 32.13 13.35 %
Last 5 Financial years 7.90 35.79 22.07 %
Last 10 Financial years 12.58 24.63 51.09 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

The Saudi National Bank
36.25
(0.45) (1.23 %)

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Valuation Data (Latest Share Price)

P/E (TTM) 10.86
P/E Before Unusual Items (TTM) 10.86
P/BV 1.32
Dividend Yield 4.53 %
Market Cap. (M) 217,500.00
Return on Average Assets 1.96 %
Return on Average Equity 12.58 %

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