SADAFCO shareholders approve 60% dividend for Q3 2023

14/05/2024 Argaam Exclusive

Shareholders of Saudia Dairy and Foodstuff Co. (SADAFCO) approved the board’s recommendation to pay a cash dividend at 60% of capital, or SAR 6 a share, for the third quarter of its short nine-month fiscal year (FY) ended Dec. 31, 2023.

 

This came during the company’s ordinary general meeting (OGM), held on May 13, according to a statement to Tadawul

 

Cash Dividend Details (Q3 2023)

Current Capital

SAR 325 mln

No. of Shares*

32.50 mln

Total Dividend

SAR 192 mln

Percentage of Capital

60% (SAR 6 a share)

Record Date

May 13, 2024 for shareholders registered with Edaa on the second trading day following the record date.

Date of Payment

May 28, 2024

*No. of dividend-eligible shares is 32 mln 

 

Total Dividend (Short FY 2023)

Total Dividend

SAR 384 mln

Percentage of Capital

120% (SAR 12 a share)

 

Shareholders also authorized the board of directors to pay an interim dividend on a semi-annual or quarterly basis for the year ending Dec. 31, 2024.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
27/03/2024 13/05/2024 28/05/2024 192.00 6.00
27/02/2024 29/02/2024 19/03/2024 192.00 6.00
19/06/2023 22/08/2023 10/09/2023 96.00 3.00
03/01/2023 05/01/2023 23/01/2023 96.00 3.00
25/05/2022 28/06/2022 19/07/2022 96.00 3.00
04/01/2022 06/01/2022 25/01/2022 96.00 3.00
13/06/2021 12/07/2021 05/08/2021 96.00 3.00
05/01/2021 06/01/2021 25/01/2021 96.00 2.95
06/05/2020 16/06/2020 05/07/2020 81.25 2.50
02/12/2019 04/12/2019 22/12/2019 81.25 2.50
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 24.00 173.20 13.86 %
Last 5 Financial years 35.00 101.60 34.45 %
Last 10 Financial years 54.50 86.50 63.01 %
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) 24.27
P/E Before Unusual Items (TTM) 23.44
P/BV 6.01
Dividend Yield 3.53 %
Market Cap. (M) 11,017.50
Return on Average Assets 17.15 %
Return on Average Equity 26.03 %

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