Saudi Cement shareholders approve 20% cash dividend for H2 2021
Shareholders of Saudi Cement Co. approved the board's recommendation on paying a cash dividend at 20% of capital, or SAR 2 a share, totaling SAR 306 million, for the second half of 2021.
This came during the ordinary general meeting (OGM) held on April 10, the company said in a bourse filing.
|
Dividend Details (H2 2021) |
|
|
Current Capital |
SAR 1.53 bln |
|
Number of Shares |
153 mln |
|
Dividend |
SAR 306 mln |
|
Percentage of Capital (%) |
20% (SAR 2 per share) |
|
Record Date |
Shareholders registered with the Securities Depository Center Company (Edaa) by the end of the second trading day following the OGM date. |
|
Payment Date |
April 20, 2022 |
|
Dividend Details (2021) |
|
|
Total Dividend |
SAR 535.5 mln |
|
Percentage of Capital (%) |
35% (SAR 3.5 per share) |
Shareholders also approved the board and auditor’s reports as well as the financial statements for the fiscal year ended Dec. 31, 2021.
In addition, they also authorized the board of directors to distribute interim dividends on a quarterly or semi-annual basis for 2022.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 01/02/2022 | 10/04/2022 | 20/04/2022 | 306.00 | 2.00 | |
| 02/06/2021 | 06/06/2021 | 16/06/2021 | 229.50 | 1.50 | |
| 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 |
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 | 10.50 | 47.45 | 22.13 % |
| Last 5 Financial years | 17.75 | 71.49 | 24.83 % |
| Last 10 Financial years | 49.25 | 73.00 | 67.47 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 14.41 |
| P/E Before Unusual Items (TTM) | 14.41 |
| P/BV | 2.57 |
| Dividend Yield | 6.45 % |
| Market Cap. (M) | 5,443.75 |
| Return on Average Assets | 11.81 % |
| Return on Average Equity | 17.86 % |
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