Riyadh Cement board proposes 12.5% cash dividend for H2 2024

21/01/2025 Argaam Exclusive

Riyadh Cement Co.’s board of directors proposed today, Jan. 21, to pay cash dividend at 12.5% of capital, or SAR 1.25 a share, for H2 2024.

 

Cash Dividends (H2 2024)

Current Capital

SAR 1.2 bln

Number of Shares

120 mln

Total Dividends

SAR 150 mln

Payout Ratio

12.5% (SAR 1.25 a share)

Record Date

To shareholders of record who are registered with Edaa at the end of the second trading day following the record date

Payment Date

To be announced later

 

Total Dividends (2024)

Dividends

SAR 270 mln

Percentage of Capital

22.5% (SAR 2.25 a share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
21/01/2025 - - 150.00 1.25
07/08/2024 18/08/2024 28/08/2024 120.00 1.00
11/12/2023 23/04/2024 30/04/2024 90.00 0.75
24/08/2023 01/09/2023 13/09/2023 96.00 0.80
20/12/2022 03/05/2023 11/05/2023 90.00 0.75
05/09/2022 15/09/2022 28/09/2022 90.00 0.75
23/12/2021 23/05/2022 31/05/2022 90.00 0.75
08/09/2021 16/09/2021 03/10/2021 120.00 1.00
29/12/2020 21/04/2021 28/04/2021 120.00 1.00
13/09/2020 20/09/2020 04/10/2020 90.00 0.75
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 5.30 33.00 16.06 %
Last 5 Financial years 8.80 24.00 36.67 %
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

34.05
0.60 1.79 %

Valuation Data (Latest Share Price)

P/E (TTM) 14.99
P/E Before Unusual Items (TTM) 16.51
P/BV 2.41
Dividend Yield 4.53 %
Market Cap. (M) 4,086.00
Return on Average Assets -
Return on Average Equity -

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