NCB shareholders to vote on 12% cash dividend for H2 2019 on March 31
National Commercial Bank’s (NCB) shareholders are set to vote on a 12% cash dividend, at SAR 1.2 per share, for the second half of 2019, during the extraordinary general assembly meeting to be held on March 31, 2020.
|
Dividend Details for H2 2019 |
|
|
Current Capital |
SAR 30 bln |
|
Number of shares |
3 bln |
|
Dividend |
SAR 3.6 bln |
|
Percentage of capital |
12% (SAR 1.2 per share) |
|
Record date |
March 31, 2020 |
|
Payment date |
To be announced. |
|
Total Dividends FY 2019 |
|
|
Total dividends |
SAR 6.9 bln |
|
Percent of capital |
23% (SAR 2.3/share) |
Shareholders will also vote on the purchase of its shares with a maximum of 3.98 million shares to be allocated to the executive staff long-term incentives program, according to a bourse statement on Tuesday.
In addition, the vote includes delegating the board of directors to complete the purchase within 12 months, provided that the program will be financed from the bank’s net profit, and shares purchased are kept no longer than 5 years.
Once the 5 year period has passed, the company will follow the procedures stipulated in the relevant laws and regulations.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 26/12/2019 | 31/03/2020 | 09/04/2020 | 3,600.00 | 0.90 | |
| 29/07/2019 | 01/08/2019 | 21/08/2019 | 3,300.00 | 0.82 | |
| 23/12/2018 | 10/04/2019 | 24/04/2019 | 3,288.35 | 0.82 | |
| 30/07/2018 | 02/08/2018 | 12/08/2018 | 2,989.41 | 0.74 | |
| 31/12/2017 | 15/05/2018 | 29/05/2018 | 1,196.88 | 0.30 | |
| 15/06/2017 | 18/06/2017 | 06/07/2017 | 2,196.59 | 0.55 | |
| 29/01/2017 | 07/05/2017 | 14/05/2017 | 1,996.90 | 0.50 | |
| 27/07/2016 | 02/08/2016 | 17/08/2016 | 1,200.00 | 0.30 | |
| 24/12/2015 | 05/04/2016 | 20/04/2016 | 1,496.00 | 0.37 | |
| 09/07/2015 | 13/07/2015 | 30/07/2015 | 1,596.00 | 0.40 |
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 | 3.88 | 27.34 | 14.17 % |
| Last 5 Financial years | 5.51 | 25.63 | 21.49 % |
| Last 10 Financial years | N/A | N/A | N/A |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 9.18 |
| P/E Before Unusual Items (TTM) | 9.18 |
| P/BV | 1.23 |
| Dividend Yield | 5.69 % |
| Market Cap. (M) | 222,000.00 |
| Return on Average Assets | 2.07 % |
| Return on Average Equity | 13.91 % |
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