SABIC plans 22% dividend for H2 2019

18/12/2019 Argaam Exclusive

Saudi Basic Industries Corp.’s (SABIC) board of directors recommended a 22% cash dividend for the second half of 2019, at SAR 2.2 per share, amounting to SAR 6.6 billion.

Dividend Details (FY 2019)

Current Capital

SAR 30 bln

Number of shares

3 bln

Dividend

SAR 6.6 bln

Percentage of capital

22% (SAR 2.2 per share)

Record date

General assembly meeting

Payment date

To be determined

Dividend for FY 2019

Total dividend

SAR 13.2 bln

Percentage of capital

44% (SAR 4.4 per share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
18/12/2019 21/04/2020 12/05/2020 6,600.00 2.20
23/05/2019 16/09/2019 30/09/2019 6,600.00 2.20
19/12/2018 09/04/2019 30/04/2019 6,600.00 2.20
05/06/2018 30/08/2018 17/09/2018 6,600.00 2.20
19/12/2017 17/04/2018 01/05/2018 6,600.00 2.20
21/06/2017 30/07/2017 17/08/2017 6,000.00 2.00
18/12/2016 11/04/2017 23/04/2017 6,000.00 2.00
27/07/2016 25/08/2016 06/09/2016 6,000.00 2.00
16/12/2015 11/04/2016 24/04/2016 9,000.00 3.00
26/07/2015 20/08/2015 02/09/2015 7,500.00 2.50
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 13.00 91.49 14.21 %
Last 5 Financial years 22.50 83.88 26.82 %
Last 10 Financial years 46.50 82.75 56.19 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

69.70
(0.20) (0.29 %)

Valuation Data (Latest Share Price)

P/E (TTM) More than 100
P/E Before Unusual Items (TTM) 55.30
P/BV 1.26
Dividend Yield 4.07 %
Market Cap. (M) 209,100.00
Return on Average Assets 0.59 %
Return on Average Equity 1.00 %

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