Saudi Telecom Co. (STC) will distribute 10% cash dividends to its shareholder, at SAR 1 per share, for the fourth quarter of 2019 on May 11, 2020, according to a bourse statement on Monday.
The telecom provider noted that dividend distribution will be processed to eligible shareholders through Banque Saudi Fransi (BSF) branches and dividend will be transferred to shareholders’ bank accounts linked to their portfolios.
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Dividend Details (Q4 2019) |
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Current Capital |
SAR 20 bln |
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Number of shares |
2 bln |
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Dividend |
SAR 2 bln |
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Percentage of capital |
10% (SAR 1 per share) |
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Record date |
April 20, 2020 |
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Payment date |
May 11, 2020 |
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Dividend for FY 2019 |
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Total dividend |
SAR 8 bln |
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Percentage of capital |
40% (SAR 4/share) |
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On Jan. 22, 2020, the company’s board of directors announced it will distribute a 10% cash dividend to shareholders for the fourth quarter of 2019, at SAR 1 per share, amounting to SAR 2 billion, Argaam reported.
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