Eastern Cement board approves 6% dividend for H1 2024

04/08/2024 Argaam Exclusive

Eastern Province Cement Co.’s board of directors declared the payment of a cash dividend at 6% of capital, or SAR 0.60 a share, for the first half of 2024.

 

Cash Dividends

Current Capital

SAR 860 mln

Number of Shares

86 mln

Total Dividends

SAR 86 mln

Percentage of Capital

6% (SAR 0.60 a share)

Record Date

Sept. 15, 2024

Date of Payment

Oct. 3, 2024

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
04/08/2024 15/09/2024 03/10/2024 51.60 0.60
11/03/2024 17/03/2024 04/04/2024 86.00 1.00
06/08/2023 20/08/2023 07/09/2023 51.60 0.60
20/03/2023 26/03/2023 13/04/2023 86.00 1.00
03/08/2022 14/08/2022 30/08/2022 86.00 1.00
13/03/2022 11/04/2022 26/04/2022 94.60 1.10
02/08/2021 08/08/2021 23/08/2021 120.40 1.40
07/03/2021 11/04/2021 28/04/2021 215.00 2.50
18/03/2020 14/04/2020 27/04/2020 129.00 1.50
19/03/2019 30/04/2019 15/05/2019 64.50 0.75
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 6.10 41.20 14.81 %
Last 5 Financial years 10.10 20.50 49.27 %
Last 10 Financial years 18.35 60.00 30.58 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

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Valuation Data (Latest Share Price)

P/E (TTM) 12.80
P/E Before Unusual Items (TTM) 12.30
P/BV 1.15
Dividend Yield 4.20 %
Market Cap. (M) 2,803.60
Return on Average Assets 7.70 %
Return on Average Equity 9.07 %

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