Saudi Cement board agrees to pay 12.5% cash dividend for H1 2024

05/06/2024 Argaam Exclusive

Saudi Cement Co.’s board of directors decided today, June 5, to pay a cash dividend of SAR 1.25 per share, or 12.5% of the capital, for the first half of 2024, according to a Tadawul statement.

 

Cash Dividend (H1 2024)

Capital 

SAR 1.53 bln

Number of Shares

153 mln 

Total Dividend 

SAR 191.25 mln 

Percentage of Capital 

12.5% (SAR 1.25 per share) 

Record Date 

June 9, 2024

Payment Date 

June 26, 2024

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
05/06/2024 09/06/2024 26/06/2024 191.25 1.25
07/02/2024 24/04/2024 08/05/2024 153.00 1.00
07/06/2023 11/06/2023 20/06/2023 229.50 1.50
01/02/2023 13/04/2023 07/05/2023 267.75 1.75
02/06/2022 05/06/2022 15/06/2022 229.50 1.50
01/02/2022 10/04/2022 20/04/2022 306.00 2.00
02/06/2021 06/06/2021 16/06/2021 229.50 1.50
03/02/2021 07/04/2021 19/04/2021 306.00 2.00
10/06/2020 15/06/2020 25/06/2020 229.50 1.50
06/02/2020 21/04/2020 05/05/2020 306.00 2.00
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 9.25 60.50 15.29 %
Last 5 Financial years 16.25 47.45 34.25 %
Last 10 Financial years 41.00 101.50 40.39 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

43.80
(0.25) (0.57 %)
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Valuation Data (Latest Share Price)

P/E (TTM) 18.06
P/E Before Unusual Items (TTM) 18.06
P/BV 2.95
Dividend Yield 4.75 %
Market Cap. (M) 6,701.40
Return on Average Assets 11.33 %
Return on Average Equity 15.82 %

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