NCLE shareholders to vote on 21% cash dividend for FY 2023/24 on Dec. 15

21/11/2024 Argaam Exclusive

National Company for Learning and Education (NCLE) shareholders will vote on the board's recommendation to distribute cash dividends at 21% of capital, or SAR 2.1 per share, for FY 2023/2024, during an ordinary general assembly meeting scheduled for Dec. 15, according to a Tadawul statement.

 

Dividend Details

Current Capital

SAR 430 mln

Number of Shares

43 mln

Total Dividend

SAR 90.3 mln

Percentage of Capital

21% (SAR 2.1 per share)

Record Date

Dec. 15, 2024 (for shareholders registered in the company's register at the Securities Depository Center for Trading at the end of the second trading day following the due date).

Payment Date

To be announced later

 

Shareholders will also vote on authorizing the board of directors to distribute interim dividends quarterly or semi-annually for the fiscal year 2024/2025.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
30/10/2024 15/12/2024 - 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) 58.36
P/E Before Unusual Items (TTM) 58.36
P/BV 11.61
Dividend Yield 1.00 %
Market Cap. (M) 9,210.60
Return on Average Assets 11.99 %
Return on Average Equity 21.07 %

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