Southern Cement board nods to 5% cash dividend for H1 2024

08/08/2024 Argaam Exclusive

Southern Province Cement Co.’s board of directors decided to distribute cash dividends at 5% of capital, or SAR 0.5 a share, for H1 2024, the company said in a statement to Tadawul.

 

Dividend Details (H1 2024) 

Current Capital

SAR 1.4 bln

Number of Shares

140 mln

Total Dividends

SAR 70 mln

Percentage of Capital

5% (SAR 0.5 a share)

Record Date

Aug. 11, 2024 (Shareholders of record and those registered with Edaa for the second trading day following the record date)

Payment Date

Aug. 25, 2024

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
08/08/2024 11/08/2024 25/08/2024 70.00 0.50
14/03/2024 20/05/2024 29/05/2024 91.00 0.65
31/08/2023 03/09/2023 17/09/2023 49.00 0.35
28/03/2023 30/05/2023 11/06/2023 70.00 0.50
08/09/2022 14/09/2022 26/09/2022 105.00 0.75
03/03/2022 12/04/2022 24/04/2022 175.00 1.25
29/07/2021 10/08/2021 22/08/2021 175.00 1.25
03/03/2021 11/04/2021 25/04/2021 350.00 2.50
23/07/2020 09/08/2020 23/08/2020 315.00 2.25
05/03/2020 05/04/2020 19/04/2020 315.00 2.25
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 4.75 83.70 5.68 %
Last 5 Financial years 13.00 37.15 34.99 %
Last 10 Financial years 32.25 110.50 29.19 %
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) 22.36
P/E Before Unusual Items (TTM) 24.23
P/BV 1.49
Dividend Yield 2.35 %
Market Cap. (M) 4,907.00
Return on Average Assets 5.39 %
Return on Average Equity 6.76 %

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