East Pipes shareholders OK 15% dividend for FY 2023/24

06/08/2024 Argaam Exclusive

Shareholders of East Pipes Integrated Co. for Industry approved on Aug. 5 the board of directors’ recommendation for a cash dividend of 15% of capital, or SAR 1.5 per share, for the fiscal year ended March 31, 2024, according to a statement to Tadawul.

 

Dividend Details (FY 2023/24)

Current capital

SAR 315 mln

Number of shares

31.5 mln

Total dividend

SAR 47.25 mln

Percentage of capital

15% (SAR 1.5 per share)

Record date

Aug. 5, 2024 (Shareholders registered with Edaa by the end of second trading day following the ordinary general meeting (OGM) date).

Payment date

Aug. 21, 2024

 

Shareholders also approved all agenda items, which included authorizing the board to pay semi-annual or quarterly dividends for the fiscal year 2024/25, the statement added.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
26/05/2024 05/08/2024 21/08/2024 47.25 1.50
25/05/2023 16/07/2023 30/07/2023 31.50 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 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

Valuation Data (Latest Share Price)

P/E (TTM) 9.73
P/E Before Unusual Items (TTM) 9.73
P/BV 4.44
Dividend Yield 1.84 %
Market Cap. (M) 4,372.20
Return on Average Assets 33.41 %
Return on Average Equity 57.19 %

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