East Pipes shareholders to vote on board’s proposal for 15% dividend on Aug. 5

11/07/2024 Argaam Exclusive

Shareholders of East Pipes Integrated Company for Industry will vote of the board of directors’ proposal for a 15% cash dividend, or SAR 1.5 per share, for the fiscal year ended March 31, 2024, during the ordinary general meeting (OGM) scheduled for Aug. 5.

 

Dividend Details (FY 2023/24)

Current capital

SAR 315 mln

Number of shares

31.5 mln

Total dividend

SAR 47.25 mln

Percentage of capital

15% (SAR 1.5 per share)

Record date

Aug. 5, 2024 (Shareholders registered with Edaa by the end of second trading day following the OGM date).

Payment date

To be set after the OGM’s approval

 

In a statement to Tadawul, the company said that shareholders will also discuss authorizing the board to pay semi-annual or quarterly dividends for the fiscal year 2024/25.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
26/05/2024 05/08/2024 21/08/2024 47.25 1.50
25/05/2023 16/07/2023 30/07/2023 31.50 1.00
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 N/A N/A N/A
Last 5 Financial years N/A N/A N/A
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

Valuation Data (Latest Share Price)

P/E (TTM) 9.95
P/E Before Unusual Items (TTM) 9.95
P/BV 4.54
Dividend Yield 1.84 %
Market Cap. (M) 4,473.00
Return on Average Assets 33.41 %
Return on Average Equity 57.19 %

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