Arabian Cement board announces 7.5% dividend for H1 2024

29/07/2024 Argaam Exclusive

Arabian Cement Co.’s board of directors decided today, July 29, to distribute a 7.5% cash dividend, or SAR 0.75 per share, for the first half of 2024, according to a statement to Tadawul.

 

Dividend Details (H1 2024)

Current Capital

SAR 1 bln

Number of Shares

100 mln

Total Dividend

SAR 75 mln

Percentage of Capital

7.5% (SAR 0.75 a share)

Record Date

July 30, 2024: Shareholders of record and those registered with Edaa on the second trading day following the general meeting data, to be determined later

Payment Date

Aug. 15, 2024

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
29/07/2024 30/07/2024 15/08/2024 75.00 0.75
10/03/2024 28/04/2024 09/05/2024 75.00 0.75
07/08/2023 10/08/2023 25/08/2023 75.00 0.75
23/02/2023 09/04/2023 17/04/2023 110.00 1.10
09/08/2022 31/08/2022 15/09/2022 110.00 1.10
28/02/2022 17/04/2022 12/05/2022 150.00 1.50
16/08/2021 18/08/2021 06/09/2021 125.00 1.25
01/03/2021 11/04/2021 02/05/2021 125.00 1.25
26/07/2020 10/08/2020 26/08/2020 100.00 1.00
02/03/2020 19/04/2020 07/05/2020 100.00 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 6.45 36.10 17.87 %
Last 5 Financial years 10.45 22.80 45.83 %
Last 10 Financial years 28.95 51.80 55.89 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

26.05
(0.10) (0.38 %)

Valuation Data (Latest Share Price)

P/E (TTM) 16.12
P/E Before Unusual Items (TTM) 18.08
P/BV 1.03
Dividend Yield 4.35 %
Market Cap. (M) 2,605.00
Return on Average Assets 5.22 %
Return on Average Equity 6.37 %

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