SABIC’s shareholders to vote on 22% dividend for H2 2019 on April 21
Saudi Basic Industries Corp.’s (SABIC) shareholders are set to vote on a 22% cash dividend for the second half of 2019 (SAR 2.2 per share), during the general assembly meeting that will be held on April 21, 2020.
Shareholders will also vote on delegating the company’s board to distribute cash dividend for the fiscal year 2020 on a semi-annual or a quarterly basis.
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Dividend Details (H2 2019) |
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Current Capital |
SAR 30 bln |
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Number of shares |
3 bln |
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Dividend |
SAR 6.6 bln |
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Percentage of capital |
22% (SAR 2.2 per share) |
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Record date |
April 21, 2020 (including those registered at the Securities Depository Center two days after this date) |
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Payment date |
May 12, 2020 |
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Dividend for FY 2019 |
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Total dividend |
SAR 13.2 bln |
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Percentage of capital |
44% (SAR 4.4 per share) |
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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 |
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 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | NEG |
| P/E Before Unusual Items (TTM) | More than 100 |
| P/BV | 1.14 |
| Dividend Yield | 5.07 % |
| Market Cap. (M) | 170,700.17 |
| Return on Average Assets | (2.47 %) |
| Return on Average Equity | (4.28 %) |
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