Bupa Arabia shareholders to vote on 40% cash dividend for 2023 on June 30

09/06/2024 Argaam Exclusive

Bupa Arabia for Cooperative Insurance Co. shareholders will vote on the board's recommendation to distribute a cash dividend of 40% of capital, or SAR 4 per share, for 2023, in an extraordinary general assembly meeting (EGM) on June 30, the company said in a statement to Tadawul.

 

Dividend Details (2023)

Capital

SAR 1.5 bln

Number of Shares

150 mln

Total Dividend

SAR 600 mln

Percentage of Capital

40% (SAR 4 per share)

Record Date

June 30, 2024 (Shareholders of record registered with Edaa by the end of the second trading day following the EGM date that will be announced later)

Payment Date

To be announced later

 

Other agenda items include voting on the repurchase of a maximum of 860,000 of the company's shares, to be allocated for the employee incentive program.

 

Shareholders will also vote on authorizing the board of directors to distribute interim dividends quarterly or semi-annually for 2024.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
28/05/2024 30/06/2024 17/07/2024 600.00 4.00
03/05/2023 22/06/2023 17/07/2023 540.00 3.60
06/06/2022 30/06/2022 20/07/2022 540.00 3.60
25/04/2021 24/06/2021 08/07/2021 408.00 2.72
30/04/2019 30/06/2019 14/07/2019 180.00 1.20
17/04/2018 31/05/2018 11/06/2018 160.00 1.07
13/03/2017 08/05/2017 21/05/2017 120.00 0.80
25/04/2016 01/06/2016 27/06/2016 160.00 1.07
23/04/2014 05/06/2014 25/06/2014 20.00 0.13
02/03/2013 10/04/2013 07/05/2013 40.00 0.27
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 11.20 96.18 11.64 %
Last 5 Financial years 13.92 64.74 21.50 %
Last 10 Financial years 18.05 11.42 158.10 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

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Valuation Data (Latest Share Price)

P/E (TTM) 32.92
P/E Before Unusual Items (TTM) 32.92
P/BV 7.34
Dividend Yield 1.87 %
Market Cap. (M) 36,570.00
Return on Average Assets 7.88 %
Return on Average Equity 23.64 %

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