Naqi Water shareholders OKs 5% cash dividend for H2 2023

19/05/2024 Argaam Exclusive

Naqi Water Co.’s shareholders approved the board of directors’ recommendation to pay a cash dividend of SAR 0.50 per share, or 5% of the capital, for the second half of 2023 at the ordinary general meeting (OGM) held on May 16, according to a Tadawul statement.

 

Cash Dividend (H2 2023)

Capital

SAR 200 mln

Number of Shares

20 mln

Total Dividend

SAR 10 mln

Percentage of Capital

5% (SAR 0.5 per share)

Record Date

May 16, 2024 (Shareholders registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the record date)

Payment Date

June 6, 2024

 

Total Dividend (2023)

Total Dividend

SAR 30 mln

Percentage of Capital

15% (SAR 1.5 per share)

 

Shareholders also approved authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2024, the statement added.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
26/03/2024 16/05/2024 06/06/2024 10.00 0.50
10/08/2023 24/08/2023 14/09/2023 20.00 1.00
13/12/2022 08/01/2023 18/01/2023 20.00 1.00
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 N/A N/A N/A
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

61.40
(1.00) (1.60 %)

Valuation Data (Latest Share Price)

P/E (TTM) 32.75
P/E Before Unusual Items (TTM) 32.75
P/BV 4.68
Dividend Yield 1.94 %
Market Cap. (M) 1,228.00
Return on Average Assets 12.48 %
Return on Average Equity 14.52 %

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