Aramco pays SAR 0.48/share dividend for Q3 2024

05/11/2024 Argaam Exclusive

Saudi Arabian Oil Co. (Saudi Aramco) declared a base dividend of SAR 0.315 a share, totaling SAR 76.1 billion ($20.3 billion) for the third quarter of 2024.

It also announced the sixth payment of a performance-linked dividend of SAR 0.167 a share, totaling SAR 40.4 billion ($10.8 billion), based on the combined full-year results of 2022 and 2023.

 

Dividend Details (Q3 2024)

Current Capital*

SAR 90 bln

No. of Shares**

242 bln

Total Dividends

SAR 116.45 bln

Base Dividend

SAR 76.1 bln (SAR 0.315 a share)

Performance-Linked Dividend

SAR 40.4 bln (SAR 0.167 a share)

Dividend per Share

SAR 0.4815

Record Date

Nov. 14, 2024

Payment Date

Nov. 26, 2024

 

Total Dividend YTD

Total Dividend

SAR 349.47 bln ($93.19 bln)

Dividend per Share

SAR 1.44 a share

*Saudi Aramco’s shares have no nominal value

**Eligible shares stand at 241.84 bln

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
05/11/2024 14/11/2024 26/11/2024 116,450.00 0.48
06/08/2024 20/08/2024 29/08/2024 116,450.00 0.48
07/05/2024 14/05/2024 23/05/2024 116,510.00 0.48
10/03/2024 13/03/2024 28/03/2024 116,500.00 0.48
07/11/2023 14/11/2023 30/11/2023 110,180.00 0.46
07/08/2023 10/09/2023 27/09/2023 110,180.00 0.46
09/05/2023 16/05/2023 31/05/2023 73,160.00 0.30
12/03/2023 14/03/2023 20/03/2023 73,150.00 0.30
01/11/2022 08/11/2022 28/11/2022 70,330.00 0.29
14/08/2022 21/08/2022 07/09/2022 70,330.00 0.29
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 4.03 28.81 13.99 %
Last 5 Financial years 6.33 29.10 21.74 %
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

27.95
(0.05) (0.18 %)

Valuation Data (Latest Share Price)

P/E (TTM) 16.50
P/E Before Unusual Items (TTM) 16.49
P/BV 4.54
Dividend Yield 5.13 %
Market Cap. (M) 6,763,900.00
Return on Average Assets 16.53 %
Return on Average Equity 27.02 %

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