Baazeem EGM approves 11% cash dividend for H2 2023

09/06/2024 Argaam Exclusive

Baazeem Trading Co.’s shareholders approved the board of directors’ recommendation to pay a cash dividend of SAR 1.10 per share, or 11% of capital, for the second half of 2023.

 

The decision was made during the extraordinary general meeting (EGM) held on June 6, according to a Tadawul statement.

 

Shareholders also approved other items, including amending Article 3 of the company's Bylaws and related party transactions.

 

In addition, they delegated the board of directors to distribute interim cash dividends for 2024 on a semi-annual or quarterly basis.

 

Dividend Details (H2 2023)

Current Capital

SAR 101.25 mln

Number of Shares

10.13 mln

Dividend

SAR 11.14 mln

Percentage of Capital

11% (SAR 1.10 per share)

Record Date

June 6, 2024 (Shareholders registered with Edaa by the close of the second trading day following the record date)

Payment Date

June 25, 2024

 

Full-Year Dividends (2023)

Total Dividend

SAR 18.2 mln

Percentage of Capital

18% (SAR 1.8 a share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
18/03/2024 06/06/2024 25/06/2024 11.14 0.11
10/08/2023 23/08/2023 06/09/2023 7.09 0.07
16/03/2023 02/05/2023 17/05/2023 11.14 0.11
09/08/2022 16/08/2022 04/09/2022 7.09 0.07
13/03/2022 09/05/2022 23/05/2022 17.72 0.18
04/03/2021 22/04/2021 07/05/2021 17.72 0.18
15/03/2020 16/04/2020 30/04/2020 16.20 0.16
14/03/2019 18/04/2019 28/04/2019 15.18 0.15
05/03/2018 02/05/2018 21/05/2018 17.21 0.17
14/03/2017 22/05/2017 04/06/2017 17.21 0.17
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 0.54 8.65 6.18 %
Last 5 Financial years 0.87 2.90 30.00 %
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

6.80
0.06 0.89 %

Valuation Data (Latest Share Price)

P/E (TTM) 30.99
P/E Before Unusual Items (TTM) 30.99
P/BV 3.55
Dividend Yield 2.77 %
Market Cap. (M) 688.50
Return on Average Assets 9.09 %
Return on Average Equity 11.58 %

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.