Sipchem to pay 5% cash dividend for H1 2024

13/06/2024 Argaam Exclusive

Sahara International Petrochemical Co.’s (Sipchem) board of directors decided on June 12 to pay a cash dividend of SAR 0.5 per share, or 5% of the capital, for the first half of 2024, according to a Tadawul statement.

 

Cash Dividend (H1 2024)

Capital

SAR 7.33 bln

Number of Shares*

733.33 mln

Total Dividend

SAR 362.56 mln

Percentage of Capital

5% (SAR 0.5 per share)

Record Date

June 27, 2024

Payment Date

July 11, 2024

*Number of eligible shares is 725.12 million.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
13/06/2024 27/06/2024 11/07/2024 362.56 0.50
12/12/2023 13/12/2023 25/12/2023 543.84 0.75
22/06/2023 06/07/2023 19/07/2023 906.40 1.25
01/12/2022 05/12/2022 15/12/2022 1,087.68 1.50
29/06/2022 06/07/2022 27/07/2022 1,270.89 1.75
15/12/2021 20/12/2021 30/12/2021 1,090.74 1.49
23/06/2021 30/06/2021 14/07/2021 550.00 0.75
15/12/2020 24/12/2020 06/01/2021 366.67 0.50
26/09/2019 02/10/2019 16/10/2019 440.00 0.60
24/12/2018 01/01/2019 15/01/2019 238.33 0.65
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 7.49 17.02 43.99 %
Last 5 Financial years 8.59 20.00 42.94 %
Last 10 Financial years 12.09 32.20 37.54 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 31.42
P/E Before Unusual Items (TTM) 57.09
P/BV 1.14
Dividend Yield 5.81 %
Market Cap. (M) 17,746.59
Return on Average Assets 2.53 %
Return on Average Equity 3.58 %

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