Saudi Electricity shareholders approve 7% cash dividend for 2023

15/05/2024 Argaam Exclusive

Saudi Electricity Co.’s (SEC) shareholders approved on May 14 the board of directors’ recommendation to distribute a cash dividend of SAR 0.70 per share, or 7% of capital, for 2023, according to a statement to Tadawul.

 

Cash Dividend (2023)

Capital

SAR 41.66 bln

Number of Shares

4.16 bln

Total Dividend

SAR 2.91 bln

Percentage of Capital

7% (SAR 0.70 per share)

Record Date

May 14, 2024 (Shareholders registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the record date)

Payment Date

May 30, 2024

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
06/03/2024 14/05/2024 30/05/2024 2,916.62 0.70
15/03/2023 09/05/2023 25/05/2023 2,916.62 0.70
16/03/2022 17/05/2022 06/06/2022 2,916.62 0.70
30/03/2021 27/04/2021 20/05/2021 2,916.62 0.70
21/04/2020 02/06/2020 16/06/2020 749.30 0.70
13/03/2019 30/04/2019 12/05/2019 749.30 0.70
21/03/2018 25/06/2018 17/07/2018 547.00 0.70
21/02/2017 19/04/2017 30/04/2017 547.00 0.70
23/02/2016 25/04/2016 08/05/2016 547.00 0.70
24/02/2015 20/04/2015 03/05/2015 547.00 0.70
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 2.10 21.20 9.91 %
Last 5 Financial years 3.50 15.16 23.09 %
Last 10 Financial years 7.00 14.55 48.11 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

16.80
0.20 1.20 %

Valuation Data (Latest Share Price)

P/E (TTM) 19.80
P/E Before Unusual Items (TTM) 22.86
P/BV 0.75
Dividend Yield 3.69 %
Market Cap. (M) 69,998.71
Return on Average Assets 0.67 %
Return on Average Equity 3.81 %

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