NCLE board proposes 21% cash dividend for FY 2023/24

30/10/2024 Argaam Exclusive

National Company for Learning and Education’s (NCLE) board recommended a cash dividend at 21% of capital, or SAR 2.1 a share, for the fiscal year (FY) ended July 31, 2024, according to a statement to Tadawul.

 

Dividend Details (FY 2023/24)

Current Capital

SAR 430 mln

Number of Shares

43 mln

Total Dividend

SAR 90.3 mln

Percentage of Capital

21% (SAR 2.1 a share)

Record Date

Shareholders of record who are registered with the Securities Depository Center Co. (Edaa) by the close of the second trading day following the general assembly date

Payment Date

After the general assembly convenes, which will vote on the dividend payment

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
30/10/2024 - - 90.30 2.10 -
26/11/2023 27/12/2023 07/01/2024 70.95 1.65
16/11/2022 28/12/2022 08/01/2023 51.60 1.20
18/11/2021 09/01/2022 20/01/2022 34.40 0.80
22/11/2020 13/01/2021 24/01/2021 34.40 0.80
06/11/2019 25/12/2019 14/01/2020 34.40 0.80
29/11/2018 20/02/2019 07/03/2019 17.20 0.57
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 4.95 60.10 8.24 %
Last 5 Financial years 6.55 29.00 22.59 %
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) 59.28
P/E Before Unusual Items (TTM) 59.28
P/BV 11.79
Dividend Yield 0.95 %
Market Cap. (M) 9,356.80
Return on Average Assets 12.11 %
Return on Average Equity 21.07 %

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