SGS board declares 10% dividend for H1 2024

29/08/2024 Argaam Exclusive

The board of directors of Saudi Ground Services Co. (SGS) approved on Aug. 28, a 10% cash dividend, or SAR 1 per share, for the first half of 2024, the company said in a statement to Tadawul

 

Dividends Details (H1 2024)

Current Capital

SAR 1.88 bln

Number of Shares

188 mln

Total Dividends

SAR 188 mln

Percentage of Capital

10% (SAR 1 per share)

Record Date

Sept. 12, 2024

Payment Date

Sept. 30, 2024

 

This marks the company's first dividend declaration since September 2019, when it distributed a 10% dividend (SAR 1 per share) for the first half of 2019, according to Argaam data.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
29/08/2024 12/09/2024 30/09/2024 188.00 1.00
31/07/2019 06/08/2019 02/09/2019 188.00 1.00
28/03/2019 24/04/2019 08/05/2019 150.40 0.80
11/07/2018 18/07/2018 06/08/2018 244.40 1.30
17/04/2018 27/05/2018 11/06/2018 122.20 0.65
12/11/2017 20/11/2017 04/12/2017 122.20 0.65
17/09/2017 25/09/2017 09/10/2017 122.20 0.65
21/05/2017 28/05/2017 11/06/2017 122.20 0.65
29/12/2016 13/02/2017 28/02/2017 244.40 1.30
04/08/2016 14/08/2016 30/08/2016 122.20 0.65
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 32.60 N/A
Last 5 Financial years 1.00 30.80 3.25 %
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

50.20
(0.60) (1.18 %)

Valuation Data (Latest Share Price)

P/E (TTM) 32.22
P/E Before Unusual Items (TTM) 33.30
P/BV 3.97
Dividend Yield -
Market Cap. (M) 9,437.60
Return on Average Assets 6.88 %
Return on Average Equity 12.65 %

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