Tabuk Cement shareholders to vote on 2.5% dividend for 2023 on June 26

03/06/2024 Argaam Exclusive

Tabuk Cement Co.'s shareholders will discuss the board's recommendation on paying a 2.5% cash dividend, at SAR 0.25 a share, for 2023, during the extraordinary general meeting (EGM) scheduled for June 26.

 

Dividends Details (2023)

Current Capital

SAR 900 mln

No. of Shares

90 mln

Total Dividends

SAR 22.5 mln

Percentage of Payment

2.5% (SAR 0.25 a share)

Record Date

June 26, 2024 (Including shareholders registered with Edaa by the close of second trading following the record date)

Date of Payment

To be determined later

 

Shareholders will also vote on mandating the board to pay cash dividends for 2024 on a semi-annual or quarterly basis, after amending Article 47 of the company's bylaws related to the dividends, according to a Tadawul statement.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
31/03/2024 26/06/2024 16/07/2024 22.50 0.25
27/03/2022 21/04/2022 15/05/2022 22.50 0.25
10/01/2016 28/04/2016 08/05/2016 81.00 0.90
19/02/2015 09/04/2015 26/04/2015 45.00 0.50
30/06/2014 15/07/2014 17/08/2014 90.00 1.00
26/12/2013 16/04/2014 27/04/2014 72.00 0.80
19/06/2013 30/06/2013 15/09/2013 90.00 1.00
30/12/2012 14/04/2013 24/04/2013 63.00 0.70
26/07/2012 15/08/2012 09/09/2012 81.00 0.90
07/01/2012 17/04/2012 29/04/2012 45.00 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 0.50 16.84 2.97 %
Last 5 Financial years 0.50 11.08 4.51 %
Last 10 Financial years 2.90 28.30 10.25 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

12.20
(0.14) (1.13 %)

Valuation Data (Latest Share Price)

P/E (TTM) 28.98
P/E Before Unusual Items (TTM) 28.98
P/BV 0.84
Dividend Yield 1.84 %
Market Cap. (M) 1,098.00
Return on Average Assets 2.27 %
Return on Average Equity 2.88 %

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