Cenomi Centers shareholders OK 3.75% dividend for Q1 2024

01/07/2024 Argaam Exclusive

Shareholders of Arabian Centres Co. (Cenomi Centers) gave the go-ahead for the board of directors’ proposal for a 3.75% cash dividend, or SAR 0.375 per share, for Q1 2024, during the ordinary general meeting (OGM) held on June 30.

 

Dividend Details (Q1 2024)

Current capital

SAR 4.75 bln

Number of shares

475 mln

Total dividend

SAR 178.13 mln

Percentage of capital

3.75% (SAR 0.375 per share)

Record date

June 30, 2024 (Shareholders registered with Edaa at the end of the trading day following the record date)

Payment date

July 18, 2024

 

The shareholders also authorized the board of directors to distribute quarterly interim dividends for the remainder of 2024 and Q1 2025, the company said in a statement to Tadawul.

 

They also greenlit the company’s dividend policy for one year starting from Q2 2024.

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

20.48
(0.34) (1.63 %)

Valuation Data (Latest Share Price)

P/E (TTM) 7.08
P/E Before Unusual Items (TTM) 13.84
P/BV 0.67
Dividend Yield 7.80 %
Market Cap. (M) 9,718.50
Return on Average Assets 4.83 %
Return on Average Equity 9.67 %

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