SAFCO approves 15% cash dividend for H2 2019
Saudi Arabia Fertilizers Co.’s (SAFCO) shareholders approved the board’s recommendation to distribute a 15% cash dividend, at SAR 1.5 per share, for the second half of 2019, during the ordinary general meeting (OGM) held March 29, according to a bourse filing on Monday.
Shareholders also authorized the board of directors to distribute interim dividends on a semi-annual and quarterly basis for 2020.
Moreover, shareholders approved electing board members for the 3-year term, started March 29.
They also approved the formation of the audit committee, its duties, and members’ remuneration.
|
Dividend Details (H2 2019) |
|
|
Current Capital |
SAR 4.1667 bln |
|
Number of shares |
416.7 mln |
|
Dividend |
SAR 625.0 mln |
|
Percentage of capital |
15% (SAR 1.5 per share) |
|
Record date |
March 29, 2020 (Including shareholders registered at the Security Depository Center (Edaa) by the end of the second trading day following the assembly) |
|
Payment date |
April 12, 2020 |
|
Dividend for FY2019 |
|
|
Total Dividend |
SAR 1.25 bln |
|
Percentage of capital |
30% (SAR 3 per share) |
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 16/12/2019 | 29/03/2020 | 12/04/2020 | 625.00 | 1.50 | |
| 19/05/2019 | 16/07/2019 | 30/07/2019 | 625.00 | 1.50 | |
| 17/12/2018 | 07/04/2019 | 21/04/2019 | 625.00 | 1.50 | |
| 10/06/2018 | 25/07/2018 | 08/08/2018 | 416.67 | 1.00 | |
| 21/02/2018 | 19/03/2018 | 02/04/2018 | 416.67 | 1.00 | |
| 27/08/2017 | 11/09/2017 | 26/09/2017 | 312.50 | 0.75 | |
| 15/02/2017 | 29/03/2017 | 12/04/2017 | 416.67 | 1.00 | |
| 19/06/2016 | 26/06/2016 | 17/07/2016 | 625.00 | 1.50 | |
| 06/12/2015 | 30/03/2016 | 10/04/2016 | 1,250.00 | 3.00 | |
| 05/07/2015 | 12/07/2015 | 28/07/2015 | 1,250.00 | 3.00 |
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 | 7.64 | 65.07 | 11.75 % |
| Last 5 Financial years | 11.89 | 80.82 | 14.71 % |
| Last 10 Financial years | 49.29 | 98.40 | 50.09 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 15.394 |
| P/E Before Unusual Items (TTM) | 15.344 |
| P/BV | 2.92 |
| Dividend Yield | 5.41 % |
| Market Cap. (M) | 58,886.21 |
| Return on Average Assets | 14.97 % |
| Return on Average Equity | 20.29 % |
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