Tawuniya plans 8% cash dividend for 2020
The Company for Cooperative Insurance’s (Tawuniya) board of directors recommended, on April 5, 2021, an 8% cash dividend for 2020, at SAR 0.80 per share, amounting to SAR 100 million.
|
Dividend Details (2020) |
|
|
Current Capital |
SAR 1.25 bln |
|
Number of shares |
125 mln |
|
Dividend |
SAR 100 mln |
|
Percentage of capital |
8% (SAR 0.80 per share) |
|
Record date |
Shareholders who own the company’s shares at the end of the general assembly meeting and are registered with the Securities Depository Centre (Edaa) at the end of second trading day following the general assembly meeting, date of which will be announced later. |
|
Payment date |
To be determined |
According to data compiled by Argaam, the dividend distribution is the first for the company since 2016.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 06/04/2021 | 29/04/2021 | 09/05/2021 | 100.00 | 0.67 | |
| 15/02/2017 | 21/03/2017 | 27/03/2017 | 500.00 | 3.33 | |
| 21/02/2016 | 21/03/2016 | 24/03/2016 | 100.00 | 0.67 | |
| 11/02/2015 | 16/03/2015 | 19/03/2015 | 145.00 | 0.97 | |
| 06/02/2012 | 12/03/2012 | 17/03/2012 | 262.50 | 1.75 | |
| 12/02/2011 | 30/03/2011 | 06/04/2011 | 150.00 | 1.00 | |
| 01/02/2010 | 09/03/2010 | 31/03/2010 | 200.00 | 1.33 | |
| 07/02/2009 | 10/03/2009 | 26/03/2009 | 100.00 | 0.67 | |
| 04/02/2008 | 11/03/2008 | 09/04/2008 | 500.00 | 3.33 | |
| 06/02/2007 | 03/03/2007 | 17/03/2007 | 500.00 | 3.33 |
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 | 0.67 | 77.75 | 0.86 % |
| Last 5 Financial years | 4.00 | 53.30 | 7.50 % |
| Last 10 Financial years | 7.38 | 35.75 | 20.65 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 18.21 |
| P/E Before Unusual Items (TTM) | 18.21 |
| P/BV | 3.64 |
| Dividend Yield | 1.71 % |
| Market Cap. (M) | 20,565.02 |
| Return on Average Assets | 5.41 % |
| Return on Average Equity | 21.75 % |
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