Sipchem board declares 5% cash dividend for H2 2024

27/11/2024 Argaam Exclusive

The board of directors of Sahara International Petrochemical Co.’s (Sipchem), on Nov. 26, declared a cash dividend distribution at 5% of the capital, or SAR 0.5 per share, for H2 2024, according to a statement to Tadawul.

 

H2 2024 Cash Dividends

Current Capital

SAR 7.3 bln

Number of Shares*

733.33 mln

Total Dividends

SAR 362.56 mln

Percentage of Capital

5% (SAR 0.50 a share)

Record Date/ Eligibility

Dec. 2, 2024

Payment Date

Dec. 16, 2024

 

Total Dividends (2024 YTD)

Total Dividends

SAR 725.12 mln

Payout Ratio

1% (SAR 1 a share)

*Number of share eligible for dividends stand at 725.12 million.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
27/11/2024 02/12/2024 16/12/2024 362.56 0.50
13/06/2024 27/06/2024 11/07/2024 362.56 0.50
12/12/2023 13/12/2023 25/12/2023 543.84 0.75
22/06/2023 06/07/2023 19/07/2023 906.40 1.25
01/12/2022 05/12/2022 15/12/2022 1,087.68 1.50
29/06/2022 06/07/2022 27/07/2022 1,270.89 1.75
15/12/2021 20/12/2021 30/12/2021 1,090.74 1.49
23/06/2021 30/06/2021 14/07/2021 550.00 0.75
15/12/2020 24/12/2020 06/01/2021 366.67 0.50
26/09/2019 02/10/2019 16/10/2019 440.00 0.60
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 6.25 41.85 14.93 %
Last 5 Financial years 8.99 17.94 50.10 %
Last 10 Financial years 11.84 26.62 44.47 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 31.60
P/E Before Unusual Items (TTM) 57.42
P/BV 1.14
Dividend Yield 5.81 %
Market Cap. (M) 17,849.25
Return on Average Assets 2.53 %
Return on Average Equity 3.58 %

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