Electrical Industries shareholders approve 5% dividend for 2020
Electrical Industries Co.’s shareholders approved the distribution of cash dividend at SAR 0.5 per share, or 5% of capital, totaling SAR 22.5 million for 2020, during an ordinary general meeting held on April 26, 2021.
|
Dividend Details (2020) |
|
|
Current Capital |
SAR 450 mln |
|
Number of shares |
45 mln shares |
|
Dividend |
SAR 22.5 mln |
|
Percentage of capital |
5% (equivalent to SAR 0.50 per share) |
|
Record date |
April 26, 2021 (Shareholders registered at the Securities Depository Center (Edaa) on the second day following the general assembly date) |
|
Payment date |
May 9, 2021 |
Shareholders also approved the board and auditors' reports and consolidated financial statements for 2020.
This is the first distribution since the company last distributed dividend for 2017. It did not pay dividends for 2018 and 2019, according to the data available with Argaam.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 17/03/2021 | 26/04/2021 | 09/05/2021 | 22.50 | 0.02 | |
| 21/03/2018 | 13/05/2018 | 27/05/2018 | 45.00 | 0.04 | |
| 14/03/2017 | 25/04/2017 | 11/05/2017 | 40.50 | 0.04 | |
| 19/11/2015 | 30/11/2015 | 14/12/2015 | 22.50 | 0.02 | |
| 21/04/2015 | 14/05/2015 | 31/05/2015 | 22.50 | 0.02 | |
| 30/12/2014 | 20/04/2015 | 06/05/2015 | 45.00 | 0.04 |
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 | 0.02 | 0.84 | 2.38 % |
| Last 5 Financial years | 0.10 | 1.39 | 6.92 % |
| Last 10 Financial years | N/A | N/A | N/A |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 29.41 |
| P/E Before Unusual Items (TTM) | 29.51 |
| P/BV | 14.27 |
| Dividend Yield | 4.46 % |
| Market Cap. (M) | 18,528.77 |
| Return on Average Assets | 27.71 % |
| Return on Average Equity | 56.14 % |
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