Bupa Arabia board proposes 40% cash dividend for 2023

28/05/2024 Argaam Exclusive
Bupa Arabia for Cooperative Insurance Co.’s board recommended today, May 28, paying dividends at 40% of capital, or SAR 4 a share, for 2023, according to a statement to Tadawul.
 

Dividends Details (2023)

Current Capital

SAR 1.5 bln

Number of Shares

 150 mln 

Total Dividends

SAR 600 mln

Percentage of Capital

40% (SAR 4 a share)

Record Date

Shareholders of record and those registered with Edaa on the second trading day following the general meeting dateto be set later after obtaining the regulatory approvals

Payment Date

To be determined later

 

The Saudi insurer earlier obtained the Insurance Authority’s (IA) approval on the board’s dividend proposal, the statement added.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
28/05/2024 30/06/2024 17/07/2024 600.00 4.00
03/05/2023 22/06/2023 17/07/2023 540.00 3.60
06/06/2022 30/06/2022 20/07/2022 540.00 3.60
25/04/2021 24/06/2021 08/07/2021 408.00 2.72
30/04/2019 30/06/2019 14/07/2019 180.00 1.20
17/04/2018 31/05/2018 11/06/2018 160.00 1.07
13/03/2017 08/05/2017 21/05/2017 120.00 0.80
25/04/2016 01/06/2016 27/06/2016 160.00 1.07
23/04/2014 05/06/2014 25/06/2014 20.00 0.13
02/03/2013 10/04/2013 07/05/2013 40.00 0.27
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 11.20 96.18 11.64 %
Last 5 Financial years 13.92 64.74 21.50 %
Last 10 Financial years 18.05 11.42 158.10 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 22.23
P/E Before Unusual Items (TTM) 22.23
P/BV 5.23
Dividend Yield 1.87 %
Market Cap. (M) 27,240.00
Return on Average Assets 8.38 %
Return on Average Equity 25.30 %

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