Budget Saudi shareholders approve 10% cash dividend for H2 2023

26/05/2024 Argaam Exclusive

United International Transportation Co.’s (Budget Saudi) shareholders approved a 10% cash dividend for H2 2023, at SAR 1 per share, during the extraordinary general meeting (EGM) held on May 23, the company said in a statement to Tadawul.

 

Dividend Details (H2 2023)

Current Capital

SAR 711.7 mln

Number of Shares

71.17 mln

Total Dividend

SAR 71.17 mln

Percentage of Capital

10% (SAR 1 per share)

Record Date

May 23, 2024 (Shareholders of record registered with Edaa at the end of the second trading day following the record date)

Payment Date

June 6, 2024

 

Total Dividend (2023)

Dividend

SAR 106.8 mln

Percentage of Capital

15% (SAR 1.5 per share)

 

Shareholders also approved authorizing the board of directors to distribute interim dividends semi-annually or quarterly for 2024.

 

Meanwhile, they gave the go-ahead for electing board members for the next four-year term ending on June 20, 2028.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
25/03/2024 23/05/2024 06/06/2024 71.17 1.00
27/07/2023 24/08/2023 13/09/2023 35.58 0.50
23/02/2023 13/04/2023 09/05/2023 106.75 1.50
31/07/2022 18/08/2022 01/09/2022 35.58 0.50
30/03/2022 17/05/2022 02/06/2022 92.52 1.30
22/08/2021 01/09/2021 20/09/2021 42.70 0.60
07/02/2021 29/04/2021 10/05/2021 88.96 1.25
23/07/2020 28/07/2020 20/08/2020 35.58 0.50
20/04/2020 15/06/2020 01/07/2020 35.58 0.50
27/10/2019 31/10/2019 19/11/2019 35.58 0.50
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 5.40 37.55 14.38 %
Last 5 Financial years 8.15 26.70 30.52 %
Last 10 Financial years 14.26 30.63 46.57 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 20.75
P/E Before Unusual Items (TTM) 20.75
P/BV 2.23
Dividend Yield 1.73 %
Market Cap. (M) 5,784.58
Return on Average Assets 7.24 %
Return on Average Equity 12.72 %

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