Saudi Cement approves 20% cash dividend for H2 2020
Saudi Cement Co.’s shareholders approved the board recommendation on paying cash dividend at 20%, or SAR 2 per share for H2 2020, during the ordinary general meeting (OGM) held on April 7, 2021, according to a bourse filing.
Shareholders also authorized the board of directors to distribute dividend for 2021 on quarterly or semi-annual basis, the statement added.
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Dividend Details (H2 2020) |
|
|
Current Capital |
SAR 1.53 bln |
|
Number of shares |
153 mln shares |
|
Dividend |
SAR 306 mln |
|
Percentage of capital |
20% (equivalent to SAR 2 per share) |
|
Record date |
April 7, 2021 |
|
Payment date |
April 19, 2021 |
|
|
|
|
Dividend Details (2020) |
|
|
Dividend |
SAR 535.5 mln |
|
Percentage of capital |
35% (equivalent to SAR 3.5 per share) |
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 03/02/2021 | 07/04/2021 | 19/04/2021 | 306.00 | 2.00 | |
| 10/06/2020 | 15/06/2020 | 25/06/2020 | 229.50 | 1.50 | |
| 06/02/2020 | 21/04/2020 | 05/05/2020 | 306.00 | 2.00 | |
| 29/05/2019 | 12/06/2019 | 02/07/2019 | 229.50 | 1.50 | |
| 06/02/2019 | 16/04/2019 | 01/05/2019 | 267.75 | 1.75 | |
| 28/05/2018 | 05/06/2018 | 02/07/2018 | 229.50 | 1.50 | |
| 07/02/2018 | 15/04/2018 | 25/04/2018 | 267.75 | 1.75 | |
| 24/05/2017 | 06/06/2017 | 20/06/2017 | 344.25 | 2.25 | |
| 08/02/2017 | 09/04/2017 | 17/04/2017 | 420.75 | 2.75 | |
| 25/05/2016 | 16/06/2016 | 27/06/2016 | 420.75 | 2.75 |
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 | 10.25 | 47.67 | 21.50 % |
| Last 5 Financial years | 19.75 | 64.50 | 30.62 % |
| Last 10 Financial years | 52.25 | 49.80 | 104.92 % |
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) | 14.06 |
| P/E Before Unusual Items (TTM) | 14.06 |
| P/BV | 2.51 |
| Dividend Yield | 6.45 % |
| Market Cap. (M) | 5,312.17 |
| Return on Average Assets | 11.81 % |
| Return on Average Equity | 17.86 % |
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