Saudi Steel Pipe shareholders OK 7.4% dividend for 2023

25/06/2024 Argaam Exclusive

Saudi Steel Pipe Co.'s shareholders approved the board's recommendation to distribute dividends at 7.4 % of capital (SAR 0.74 per share) for 2023, during an ordinary general meeting (OGM) held on June 24, the company said in a statement to Tadawul.

 

Dividend Details

Capital

SAR 510.0 mln

Number of Shares

51.0 mln

Total Dividend

SAR 37.5 mln

Percentage of Capital

7.4% (or SAR 0.74 per share)

Record Date

June 24, 2024 (Including shareholders registered with the Securities Depository Center Co. (Edaa) on the second trading day after the record date).

 

Payment Date

July 7, 2024

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
23/05/2024 24/06/2024 07/07/2024 37.50 0.74
07/07/2015 09/07/2015 30/07/2015 25.50 0.50
24/02/2015 01/04/2015 21/04/2015 25.50 0.50
16/07/2013 17/07/2013 01/08/2013 38.25 0.75
18/02/2013 03/04/2013 18/04/2013 38.25 0.75
20/02/2012 19/03/2012 04/04/2012 38.25 0.75
26/09/2011 28/09/2011 22/10/2011 38.25 0.75
13/12/2010 07/03/2011 21/03/2011 51.00 1.00
23/08/2010 25/08/2010 06/09/2010 25.50 0.50
15/12/2009 15/03/2010 30/03/2010 102.00 2.00
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 0.74 27.00 2.72 %
Last 5 Financial years 0.74 17.92 4.10 %
Last 10 Financial years 1.74 35.90 4.83 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

68.30
1.10 1.64 %

Valuation Data (Latest Share Price)

P/E (TTM) 16.18
P/E Before Unusual Items (TTM) 16.18
P/BV 4.14
Dividend Yield 2.03 %
Market Cap. (M) 3,483.30
Return on Average Assets 11.10 %
Return on Average Equity 28.55 %

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