Cenomi Centers’ shareholders to vote on 3.75% dividends for Q1 2024 on June 30

09/06/2024 Argaam Exclusive

Arabian Centres Co. (Cenomi Centers) shareholders will vote on the board's recommendation to distribute cash dividend at 3.75% of capital (SAR 0.375 per share) for Q1 2024, during the ordinary general meeting (OGM) scheduled for June 30, the company said in a statement to Tadawul.

 

Dividend Details (Q1 2024)

Capital

SAR 4.75 billion

Number of Shares

475 mln

Total Dividend

SAR 178.13 mln

Percentage of Capital

3.75% (SAR 0.375 per share)

Record Date

For shareholders of record by the end of trading on the OGM date, and those registered with the Securities Depository Center Co. (Edaa) on the second trading day after the record date.

Payment Date

To be announced later

 

Shareholders will also vote on authorizing the board of directors to distribute interim dividends for 2024 and Q1 2025.


Other agenda items include voting on the company's dividend distribution policy for one year starting from Q2 2024, which was endorsed by the company in March. The policy seeks to maintain a minimum dividend per share on a quarterly basis, and the company is committed to distributing SAR 0.375 per share for every quarter.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
16/05/2024 30/06/2024 18/07/2024 178.13 0.38
26/03/2024 01/04/2024 16/04/2024 356.25 0.75
16/07/2023 23/07/2023 13/08/2023 413.25 0.87
02/04/2023 04/04/2023 25/04/2023 475.00 1.00
02/01/2023 22/01/2023 12/02/2023 356.25 0.75
03/07/2022 05/07/2022 26/07/2022 356.25 0.75
24/01/2022 26/01/2022 14/02/2022 356.25 0.75
28/04/2021 01/07/2021 15/07/2021 356.25 0.75
30/12/2020 04/01/2021 14/01/2021 237.50 0.50
14/07/2020 16/07/2020 27/07/2020 237.50 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 4.87 25.30 19.25 %
Last 5 Financial years 7.52 25.00 30.08 %
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

19.94
0.16 0.81 %

Valuation Data (Latest Share Price)

P/E (TTM) 6.901
P/E Before Unusual Items (TTM) 13.493
P/BV 0.65
Dividend Yield 7.80 %
Market Cap. (M) 9,471.50
Return on Average Assets 4.83 %
Return on Average Equity 9.67 %

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