SNB board declares 9% cash dividend for H1 2024

06/08/2024 Argaam Exclusive

Saudi National Bank’s (SNB) board of directors declared, on Aug. 5, a 9% cash dividend, at SAR 0.90 per share after Zakat, for the first half of 2024.

 

Dividend Details (H1 2024)

Current capital

SAR 60 bln

Number of shares

6 bln

Dividend

SAR 5.4 bln

Percentage of capital

9% (SAR 0.90 per share after Zakat)

Record date

Aug. 11, 2024

Payment date

Aug. 25, 2024

 

In a statement to Tadawul, the bank said it obtained the approval of the Saudi Central Bank (SAMA) for the second-half dividend.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
06/08/2024 11/08/2024 25/08/2024 5,400.00 0.90
25/02/2024 01/05/2024 14/05/2024 5,400.00 0.90
26/07/2023 01/08/2023 13/08/2023 5,100.00 0.85
12/01/2023 07/05/2023 18/05/2023 2,686.80 0.45
03/07/2022 13/07/2022 21/07/2022 4,925.80 0.82
27/01/2022 17/04/2022 26/04/2022 4,030.20 0.67
09/08/2021 12/08/2021 23/08/2021 2,910.70 0.49
04/04/2021 06/05/2021 23/05/2021 3,582.40 0.89
26/12/2019 31/03/2020 09/04/2020 3,600.00 0.90
29/07/2019 01/08/2019 21/08/2019 3,300.00 0.82
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 4.29 32.13 13.35 %
Last 5 Financial years 7.90 35.79 22.07 %
Last 10 Financial years 12.58 24.63 51.09 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

36.95
0.05 0.14 %
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Valuation Data (Latest Share Price)

P/E (TTM) 10.94
P/E Before Unusual Items (TTM) 10.94
P/BV 1.35
Dividend Yield 4.53 %
Market Cap. (M) 221,400.00
Return on Average Assets 1.94 %
Return on Average Equity 12.69 %

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