eXtra plans 20% bonus shares, 12.5% dividend for H2 2019
United Electronics Co.’s (eXtra) board of directors recommended a 20% capital hike to SAR 600 million from SAR 500 million through the issue of bonus shares, during the extraordinary general assembly (EGA) held on Thursday March 5.
The capital hike aims to support the company’s financial position, according to a bourse statement on Sunday.
The process is pending approval from the general assembly and regulator.
In addition, eXtra recommended a 12.5% cash dividend for the second half of 2019, at SAR 1.25 per share, amounting to SAR 62.5 million.
|
Key Figures of the Capital Hike |
|
|
Current Capital |
SAR 500 mln |
|
Number of shares |
50 mln |
|
Hike (%) |
20% (1 share for every 5 shares) |
|
New Capital |
SAR 600 mln |
|
New number of shares |
60 mln |
|
Record date |
The second day following the general assembly meeting |
|
Driver |
To support the company’s financial position |
|
Dividend Details (H2 2019) |
|
|
Dividend |
SAR 62.5 mln |
|
Percentage of capital |
12.5% (SAR 1.25 per share) |
|
Record date |
March 15, 2020 |
|
Payment date |
April 7 ,2020 |
|
Dividend Details (FY 2019) |
|
|
Dividend |
SAR 112.5 mln |
|
Percentage of capital |
22.5% (SAR 2.25 per share) |
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 08/03/2020 | 15/03/2020 | 07/04/2020 | 62.50 | 0.78 | |
| 09/07/2019 | 22/07/2019 | 08/08/2019 | 50.00 | 0.63 | |
| 09/04/2019 | 21/04/2019 | 05/05/2019 | 62.50 | 0.78 | |
| 09/07/2018 | 17/07/2018 | 31/07/2018 | 31.50 | 0.39 | |
| 22/02/2018 | 27/03/2018 | 10/04/2018 | 52.50 | 0.66 | |
| 10/07/2017 | 13/07/2017 | 30/07/2017 | 31.50 | 0.39 | |
| 29/07/2015 | 04/08/2015 | 20/08/2015 | 18.00 | 0.23 | |
| 20/04/2015 | 23/04/2015 | 03/05/2015 | 15.00 | 0.19 | |
| 27/10/2014 | 29/10/2014 | 06/11/2014 | 30.00 | 0.38 | |
| 22/07/2014 | 05/08/2014 | 14/08/2014 | 30.00 | 0.38 |
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 | 4.83 | 24.54 | 19.68 % |
| Last 5 Financial years | 5.88 | 18.61 | 31.61 % |
| Last 10 Financial years | 10.04 | 21.79 | 46.10 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 10.88 |
| Recurring P/E (TTM) | 10.88 |
| P/BV | 3.30 |
| Dividend Yield | 5.92 % |
| Market Cap. (M) | 5,456.01 |
| Return on Average Assets | 8.30 % |
| Return on Average Equity | 30.64 % |
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