stc to pay SAR 0.55/share dividend for Q4, SAR 2/share special dividend for 2024

26/02/2025 Argaam Exclusive

Saudi telecom major stc will distribute cash dividends of SAR 0.55 per share, or 5.5% of the capital, for the fourth quarter of 2024.

 

Cash Dividend (Q4 2024)

Capital 

SAR 50 bln

Current Number of Shares*

5 bln

Total Dividend 

SAR 2.74 bln

Percentage of Capital 

5.5% (SAR 0.55 per share) 

Record Date 

March 5, 2025 (Shareholders registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the record date)

Payment Date 

March 24, 2025

 

In a separate statement, stc board of directors recommended distributing special cash dividends of SAR 2 per share, or 20% of the capital, for 2024.

 

Special Cash Dividend (2024)

Capital 

SAR 50 bln

Current Number of Shares*

5 bln 

Total Dividend

SAR 9.97 bln

Percentage of Capital 

20% (SAR 2 per share) 

Record Date 

Shareholders of record at the end of the second trading day following the general assembly meeting date, which will be set later.

Payment Date 

Will be announced later

*The number of shares eligible for dividends is 4.98 billion.
 

Total Dividend (2024) 

Total dividend 

SAR 18.69 bln

Percentage of capital 

37.5% (SAR 3.75 per share) 

 

The company stated that the total number of treasury shares not eligible for dividends and allocated for the employee incentive program reached 13.08 million by the end of the fourth quarter of 2024.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
26/02/2025 05/03/2025 24/03/2025 2,742.80 0.55
26/02/2025 - - 9,973.82 2.00
04/11/2024 06/11/2024 26/11/2024 1,994.76 0.40
23/07/2024 28/07/2024 15/08/2024 1,994.76 0.40
08/05/2024 21/05/2024 10/06/2024 1,993.80 0.40
19/02/2024 25/02/2024 14/03/2024 1,993.80 0.40
19/02/2024 25/04/2024 15/05/2024 4,984.50 1.00
30/10/2023 05/11/2023 23/11/2023 1,993.80 0.40
30/07/2023 03/08/2023 23/08/2023 1,993.79 0.40
10/05/2023 18/05/2023 07/06/2023 1,992.87 0.40
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 7.95 44.56 17.83 %
Last 5 Financial years 11.55 40.32 28.63 %
Last 10 Financial years 20.35 26.50 76.77 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

45.80
0.30 0.66 %

Valuation Data (Latest Share Price)

P/E (TTM) 9.28
P/E Before Unusual Items (TTM) 19.67
P/BV 2.56
Dividend Yield 9.35 %
Market Cap. (M) 229,000.00
Return on Average Assets 15.42 %
Return on Average Equity 19.83 %

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