Elm board declares 35% cash dividend for H1 2024

04/08/2024 Argaam Exclusive

Elm Co.’s board of directors decided, on Aug. 1, to distribute a 35% cash dividend, or SAR 3.5 a share, for the first half of 2024, the company said in a statement to Tadawul.

 

Cash Dividend Details (H1 2024)

Current Capital

SAR 800 mln

Number of Shares

80 mln

Total Dividend

SAR 271.94 mln

Payment Ratio

35% (SAR 3.5 a share)

Record Date

Aug. 7, 2024

Payment Date

Aug. 20, 2024

*The number of shares eligible for distribution stands at 77.70 million

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
04/08/2024 07/08/2024 20/08/2024 271.94 3.50
10/03/2024 13/03/2024 25/03/2024 310.79 4.00
06/08/2023 13/08/2023 24/08/2023 233.09 3.00
28/03/2023 04/04/2023 13/04/2023 233.09 3.00
21/09/2022 29/09/2022 13/10/2022 155.20 2.00
23/03/2022 09/05/2022 22/05/2022 232.80 3.00
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

1,100.00
(12.00) (1.08 %)

Valuation Data (Latest Share Price)

P/E (TTM) 53.14
P/E Before Unusual Items (TTM) 53.14
P/BV 18.40
Dividend Yield 0.83 %
Market Cap. (M) 88,000.00
Return on Average Assets 20.55 %
Return on Average Equity 39.36 %

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