Luberef board recommends 30.8% cash dividend for H2 2024

17/02/2025 Argaam Exclusive

Saudi Aramco Base Oil Co.’s (Luberef) board of directors recommended, on Feb 16, the payment of a cash dividend at 30.8% of capital, or SAR 3.08 a share, for H2 2024, as follows

Cash Dividends (H2 2024)

Current Capital

SAR 1.68 bln

No. of Shares*

168.75 mln

Total Dividends

SAR 518.23 mln

Percentage of Capital

30.8% (SAR 3.08 a share)

Eligibility

Shareholders of record and those registered with Edaa at the end of the second trading day following the record  date

Payout Date

Within 15 business days from record date

*The number of eligible shares is 168.25 mln

Total Dividend (2024)

Total Dividend

SAR 1.12 bln

Percentage of Capital

66.8% (SAR 6.68 a share)

 

The total dividend for 2024 amounted to SAR 6.68 per share, which is approximately 70% of the free cash flow, in line with the performance-linked distribution policy, according to a statement to Tadawul.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
17/02/2025 - - 518.23 3.08
05/08/2024 01/10/2024 15/10/2024 605.72 3.60
28/02/2024 28/03/2024 18/04/2024 841.28 5.00
30/07/2023 01/10/2023 15/10/2023 841.28 5.00
19/02/2023 30/04/2023 11/05/2023 841.29 5.00
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 21.68 95.00 22.82 %
Last 5 Financial years N/A N/A N/A
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

107.60
(0.40) (0.37 %)

Valuation Data (Latest Share Price)

P/E (TTM) 18.68
P/E Before Unusual Items (TTM) 18.99
P/BV 4.13
Dividend Yield 5.96 %
Market Cap. (M) 18,157.50
Return on Average Assets 11.47 %
Return on Average Equity 14.67 %

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