Yanbu Cement proposes 7.5% dividend for H1 2019

06/08/2019 Argaam

Yanbu Cement Co.’s board of directors recommended paying cash dividend at 7.5 percent, or SAR 0.75 a share, totaling around SAR 118.13 million for H1 2019, the firm said in a bourse statement.

 

The dividend will be paid from capital and retained earnings.

 

Dividend Details (H1 2019)

Current Capital

SAR 1.575 bln

Number of shares

157.5 mln

Dividend

SAR  118.13 mln

Percentage of capital

7.5% (SAR 0.75 per share)

Record date

Oct. 30, 2019

Payment date

To be determined

 

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