Saudi Electricity shareholders approve 7% cash dividend for 2020
Saudi Electricity Co.’s (SEC) shareholders approved the board of directors’ recommendation of a 7% cash dividend for 2020, at SAR 0.70 per share, amounting to SAR 2.916 billion, during the ordinary general assembly meeting (OGM) held on April 27, 2021.
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Dividend Details (2020) |
|
|
Current Capital |
SAR 41.666 bln |
|
Number of shares |
4.1666 bln |
|
Dividend* |
SAR 2.916 bln |
|
Percentage of capital |
7% (SAR 0.70 per share) |
|
Record date |
April 27, 2021 (Including shareholders registered at the Securities Depository Center (Edaa) on the second day after the record date) |
|
Payment date |
May 20, 2021 |
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 30/03/2021 | 27/04/2021 | 20/05/2021 | 2,916.62 | 0.70 | |
| 21/04/2020 | 02/06/2020 | 16/06/2020 | 749.30 | 0.70 | |
| 13/03/2019 | 30/04/2019 | 12/05/2019 | 749.30 | 0.70 | |
| 21/03/2018 | 25/06/2018 | 17/07/2018 | 547.00 | 0.70 | |
| 21/02/2017 | 19/04/2017 | 30/04/2017 | 547.00 | 0.70 | |
| 23/02/2016 | 25/04/2016 | 08/05/2016 | 547.00 | 0.70 | |
| 24/02/2015 | 20/04/2015 | 03/05/2015 | 547.00 | 0.70 | |
| 25/02/2014 | 15/04/2014 | 27/04/2014 | 547.00 | 0.70 | |
| 24/02/2013 | 15/04/2013 | 27/04/2013 | 547.00 | 0.70 | |
| 19/02/2012 | 02/04/2012 | 14/04/2012 | 547.00 | 0.70 |
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 | 2.10 | 15.16 | 13.85 % |
| Last 5 Financial years | 3.50 | 22.50 | 15.55 % |
| Last 10 Financial years | 7.00 | 13.80 | 50.72 % |
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) | 14.41 |
| Recurring P/E (TTM) | 14.41 |
| P/BV | 0.75 |
| Dividend Yield | 4.98 % |
| Market Cap. (M) | 63,123.84 |
| Return on Average Assets | 0.69 % |
| Return on Average Equity | 5.15 % |
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