NCLE board recommends 8% cash dividend for FY19/20

22/11/2020 Argaam Exclusive

National Company for Learning and Education’s (NCLE) board of directors recommended an 8% cash dividend for the fiscal year 2019/20 ended Aug.31, 2020, the company said in a bourse filing on Sunday.

Dividend Details (2019/2020)

Current Capital

SAR 430 mln

Number of shares

43 mln

Dividend

SAR 34.4 mln

Percentage of capital

8% (SAR 0.8 per share)

Record date

Registered shareholders at the Securities Depository Center (Edaa) at the end of second trading day following the date of general assembly

Payment date

To be announced later after the general assembly will approve dividend distribution

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Valuation Data (Latest Share Price)

P/E (TTM) More than 50
P/E Before Unusual Items (TTM) More than 50
P/BV 9.94
Dividend Yield 1.40 %
Market Cap. (M) 6,957.40
Return on Average Assets 9.79 %
Return on Average Equity 16.77 %

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