Riyadh Development board declares 2.5% dividend for H1 2024

31/07/2024 Argaam Exclusive

Riyadh Development Co.’s board of directors decided today, July 31, to distribute a 2.5% cash dividend, or 0.25 a share, for the first half of 2024, as indicated below:

 

Dividend Details

Current capital

SAR 1.77 bln

Number of shares

177.78 mln

Total dividend

SAR 44.44 mln

Percentage of capital

2.5% (SAR 0.25/share)

Record date

Sept. 1, 2024

Payment date

Sept. 19, 2024

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
31/07/2024 01/09/2024 19/09/2024 44.44 0.25
10/03/2024 23/04/2024 14/05/2024 88.89 0.50
27/07/2023 10/08/2023 31/08/2023 44.44 0.25
21/03/2023 30/04/2023 18/05/2023 44.44 0.25
29/09/2022 10/10/2022 30/10/2022 44.44 0.25
20/02/2022 12/05/2022 31/05/2022 88.89 0.50
14/07/2021 09/09/2021 30/09/2021 177.78 1.00
11/03/2021 18/04/2021 06/05/2021 115.56 0.65
22/07/2020 13/09/2020 04/10/2020 88.89 0.50
12/03/2020 19/04/2020 06/05/2020 88.89 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 2.75 17.02 16.16 %
Last 5 Financial years 4.80 13.13 36.56 %
Last 10 Financial years 9.45 15.87 59.55 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

23.88
(0.30) (1.24 %)
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Valuation Data (Latest Share Price)

P/E (TTM) 11.85
P/E Before Unusual Items (TTM) 12.48
P/BV 1.73
Dividend Yield 3.55 %
Market Cap. (M) 4,245.39
Return on Average Assets 13.12 %
Return on Average Equity 15.30 %

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