Eastern Cement shareholders to vote on 25% dividend for 2020 on April 11
Eastern Province Cement Co.’s shareholders are set to vote on a 25% cash dividend, at SAR 2.5 per share, for the fiscal year 2020, during the ordinary general assembly meeting to be held on April 11.
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Dividend Details (2020) |
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Current Capital |
SAR 860 mln |
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Number of shares |
86 mln |
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Dividend |
SAR 215 mln |
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Percentage of Capital |
25% (SAR 2.5 per share) |
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Record date |
April 11, 2021 (Shareholders registered with the Securities Depository Centre (Edaa) at the end of the second trading day following the general assembly meeting) |
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Payment date |
April 28, 2021 |
Shareholders will also vote on delegating the board of directors to distribute interim dividends on semi-annual or quarterly basis for FY2021.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 07/03/2021 | 11/04/2021 | 28/04/2021 | 215.00 | 2.50 | |
| 18/03/2020 | 14/04/2020 | 27/04/2020 | 129.00 | 1.50 | |
| 19/03/2019 | 30/04/2019 | 15/05/2019 | 64.50 | 0.75 | |
| 21/03/2018 | 08/05/2018 | 24/05/2018 | 86.00 | 1.00 | |
| 14/02/2017 | 10/04/2017 | 27/04/2017 | 129.00 | 1.50 | |
| 23/02/2016 | 29/03/2016 | 17/04/2016 | 215.00 | 2.50 | |
| 15/02/2015 | 31/03/2015 | 14/04/2015 | 215.00 | 2.50 | |
| 13/02/2014 | 19/03/2014 | 02/04/2014 | 301.00 | 3.50 | |
| 17/02/2013 | 17/03/2013 | 27/03/2013 | 344.00 | 4.00 | |
| 12/02/2012 | 18/03/2012 | 28/03/2012 | 301.00 | 3.50 |
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any
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 | 6.50 | 20.50 | 31.71 % |
| Last 5 Financial years | 8.25 | 34.64 | 23.82 % |
| Last 10 Financial years | 22.25 | 55.00 | 40.45 % |
Based on the beginning of the period (January 1 of the base year)
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Valuation Data (Latest Share Price)
| P/E (TTM) | 10.28 |
| Recurring P/E (TTM) | 9.14 |
| P/BV | 0.92 |
| Dividend Yield | 5.13 % |
| Market Cap. (M) | 2,182.68 |
| Return on Average Assets | 6.89 % |
| Return on Average Equity | 9.16 % |
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