GO board proposes first-ever dividend at 3% for FY2023/24

09/06/2024 Argaam Exclusive

Etihad Atheeb Telecommunication Co.'s (GO) board of directors recommended a 3% cash dividend, or SAR 0.3 per share, for the fiscal year ended March 2024, according to a statement to Tadawul today, June 9.

 

Dividend Details

Current Capital

SAR 339.99 mln

Number of Shares

33.99 mln

Total Dividends

SAR 10.19 mln

Percentage of Capital

3% (SAR 0.3 per share)

Record Date

Shareholders of record who are registered with Edaa by the close of the second trading day following the general meeting date

Payment Date

June 10, 2024

 

This is the first dividend payout for the company since its listing on the Saudi Exchange in 2009, according to data available with Argaam.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
09/06/2024 18/09/2024 30/09/2024 10.20 0.30
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 0.30 9.37 3.20 %
Last 5 Financial years 0.30
Last 10 Financial years 0.30 76.82 0.39 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 19.46
P/E Before Unusual Items (TTM) 23.66
P/BV 5.93
Dividend Yield 0.58 %
Market Cap. (M) 3,881.66
Return on Average Assets 16.64 %
Return on Average Equity 45.83 %

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