East Pipes’ board recommends 15% dividend for FY 2023/24

26/05/2024 Argaam Exclusive

East Pipes Integrated Company for Industry’s board of directors recommended, on May 23, a 15% cash dividend, or SAR 1.5 per share, for the fiscal year ended March 31, 2024, according to a Tadawul statement.

 

Dividend Details (FY 2023/24)

Current capital

SAR 315 mln

Number of shares

31.5 mln

Total dividend

SAR 47.25 mln

Percentage of capital

15% (SAR 1.5 per share)

Record date

Shareholders of record on the EGM date and those registered with Edaa by the end of second trading day following the record date.

Payment date

To be determined after approved by the EGM

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
26/05/2024 - - 47.25 1.50
25/05/2023 16/07/2023 30/07/2023 31.50 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 2.50 56.64 4.41 %
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

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Valuation Data (Latest Share Price)

P/E (TTM) 20.32
P/E Before Unusual Items (TTM) 20.32
P/BV 6.38
Dividend Yield 1.23 %
Market Cap. (M) 5,436.90
Return on Average Assets 21.62 %
Return on Average Equity 36.46 %

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