SABIC shareholders to vote on 15% dividend for H2 2020 on April 13
Saudi Basic Industries Corp.’s (SABIC) shareholders are set to vote on the board's recommendation on distributing a 15% cash dividend, or SAR 1.5 per share, for the second half of 2020, during the ordinary general meeting (OGM) to be held on April 13, 2021.
They will also vote on authorizing the board of directors to distribute interim cash dividends on semi-annual or quarterly basis for 2021.
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Dividend Details (H2 2020) |
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Current Capital |
SAR 30 bln |
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Number of shares |
3 bln |
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Dividend |
SAR 4.5 bln |
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Percentage of capital |
15% (SAR 1.5 per share) |
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Record date |
April 13, 2021 (Those registered in the company’s shareholders’ registry at the Depository Center at the end of the second trading day following the maturity date |
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Payment date |
May 3, 2021 |
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Dividend Details (2020) |
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Dividend |
SAR 9 bln |
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Percentage of capital |
30% (SAR 3 per share) |
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Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 16/12/2020 | 13/04/2021 | 03/05/2021 | 4,500.00 | 1.50 | |
| 17/06/2020 | 03/09/2020 | 20/09/2020 | 4,500.00 | 1.50 | |
| 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 |
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 | 11.80 | 101.42 | 11.63 % |
| Last 5 Financial years | 20.00 | 76.39 | 26.18 % |
| Last 10 Financial years | 46.00 | 104.75 | 43.91 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | NEG |
| P/E Before Unusual Items (TTM) | NEG |
| P/BV | 1.29 |
| Dividend Yield | 5.85 % |
| Market Cap. (M) | 165,900.17 |
| Return on Average Assets | (9.51 %) |
| Return on Average Equity | (18.09 %) |
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