Saudi Electricity shareholders approve 7% cash dividend
Shareholders of Saudi Electricity Co. (SEC) approved the board's recommendation to distribute a 7% cash dividend, or SAR 0.70 per share, for 2021, during the ordinary general meeting (OGM) held on May 17, according to a bourse filing.
|
Dividend Details (2021) |
|
|
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 |
May 17, 2022 (Shareholders of record by the close of the second trading day following the record date) |
|
Payment Date |
June 6, 2022 |
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 16/03/2022 | 17/05/2022 | 06/06/2022 | 2,916.62 | 0.70 | |
| 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 |
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 | 20.22 | 10.39 % |
| Last 5 Financial years | 3.50 | 20.68 | 16.92 % |
| Last 10 Financial years | 7.00 | 13.50 | 51.85 % |
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) | NEG |
| P/E Before Unusual Items (TTM) | 18.39 |
| P/BV | 0.66 |
| Dividend Yield | 4.14 % |
| Market Cap. (M) | 57,290.67 |
| Return on Average Assets | (0.44 %) |
| Return on Average Equity | (2.86 %) |
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