SABIC shareholders to vote on 22.5% dividend for H2 2021 on April 10
Saudi Basic Industries Corp.’s (SABIC) shareholders are set to vote on the board's recommendation on distributing a 22.5% cash dividend, or SAR 2.25 per share, for the second half of 2021, during the ordinary general meeting (OGM) to be held on April 10.
They will also vote on authorizing the board of directors to distribute interim cash dividends on a semi-annual or quarterly basis for 2021.
|
Dividend Details (H2 2021) |
|
|
Current capital |
SAR 30 bln |
|
Number of shares |
3 bln |
|
Dividend |
SAR 6.75 bln |
|
Percentage of capital |
22.5% (SAR 2.25 per share) |
|
Record date |
Shareholders registered with Securities Depository Center Co. (Edaa) at the end of the second trading day following the general assembly date, which will be announced later |
|
Payment date |
April 25, 2022 |
|
Total Dividend for 2021 |
|
|
Total dividend |
SAR 12 bln |
|
Percentage of capital |
40% (equivalent to SAR 4 per share) |
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 15/12/2021 | 10/04/2022 | 25/04/2022 | 6,750.00 | 2.25 | |
| 22/06/2021 | 19/09/2021 | 03/10/2021 | 5,250.00 | 1.75 | |
| 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 |
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 | 11.40 | 116.20 | 9.81 % |
| Last 5 Financial years | 20.00 | 91.49 | 21.86 % |
| Last 10 Financial years | 45.00 | 95.75 | 47.00 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | NEG |
| P/E Before Unusual Items (TTM) | More than 100 |
| P/BV | 1.09 |
| Dividend Yield | 5.07 % |
| Market Cap. (M) | 163,200.16 |
| Return on Average Assets | (2.47 %) |
| Return on Average Equity | (4.28 %) |
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