stc to pay 4% dividend for Q3 2024

04/11/2024 Argaam Exclusive

stc will pay cash dividends for Q3 2024 at 4% of par value, or SAR 0.40, according to a statement to Tadawul.

 

Cash Dividend Details

Current Capital

SAR 50 bln

Current Number of Shares*

5 bln

Total Dividends

SAR 1.99 bln

Payout Ratio

4% (SAR 0.4 a share)

Record Date

Nov. 06, 2024

Payment Date

Nov. 26, 2024

*Number of Eligible Shares is 4.98 bln shares

 

Total Dividend (9M 2024)

Total Dividends

SAR 5.98 bln

Percentage of Capital

12% (SAR 1.2 a share)

 

The number of treasury shares, which are not eligible for dividends and allocated for the employee stock program, is 13.08 million to date.

 

The payout aligns with the telecom operator’s three-year dividend policy, which started as of Q4 2021, and was approved during the ordinary general meeting (OGM) held on Nov. 30, 2021.

 

The policy amendment was endorsed in the extraordinary general meeting (EGM) held on August 30, 2022, to pay SAR 0.40 a share on a quarterly basis.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
04/11/2024 06/11/2024 26/11/2024 1,994.76 0.40
23/07/2024 28/07/2024 15/08/2024 1,994.76 0.40
08/05/2024 21/05/2024 10/06/2024 1,993.80 0.40
19/02/2024 25/02/2024 14/03/2024 1,993.80 0.40
19/02/2024 25/04/2024 15/05/2024 4,984.50 1.00
30/10/2023 05/11/2023 23/11/2023 1,993.80 0.40
30/07/2023 03/08/2023 23/08/2023 1,993.79 0.40
10/05/2023 18/05/2023 07/06/2023 1,992.87 0.40
20/02/2023 26/02/2023 16/03/2023 1,992.87 0.40
27/10/2022 02/11/2022 22/11/2022 1,996.15 0.40
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 5.80 42.40 13.67 %
Last 5 Financial years 9.40 36.60 25.67 %
Last 10 Financial years 18.00 22.20 81.06 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

42.30
0.25 0.59 %

Valuation Data (Latest Share Price)

P/E (TTM) 15.66
P/E Before Unusual Items (TTM) 16.92
P/BV 2.67
Dividend Yield 6.42 %
Market Cap. (M) 211,500.00
Return on Average Assets 8.55 %
Return on Average Equity 17.08 %

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