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×stc board approves 4% cash dividend for Q4 2022
stc's board of directors declared a 4% cash dividend, or SAR 0.40 per share, for the fourth quarter of 2022, the telecom operator said in a Tadawul statement.
Dividend Details (Q4 2022) |
|
Current capital |
SAR 50 bln |
Number of shares* |
5 bln |
Dividend |
SAR 1.99 bln |
Percentage of capital |
4% (SAR 0.40 per share) |
Record date |
Feb. 26, 2023, including shareholders registered with Edaa by the close of the second trading day following the record date. |
Payment date |
March 16, 2023 |
Dividend Details (2022) |
|
Total dividend** |
SAR 7.98 bln |
** stc’s capital was raised to SAR 50 bln in August 2022
The total number of treasury shares ineligible for dividends, which are related to the employee stock incentives plan, stood at 17.82 million shares at the end of the fourth quarter of 2022.
The distribution comes in line with the three-year dividend policy adopted by stc since Q4 2021, which was approved by the extraordinary general meeting (EGM) held on Nov. 30, 2021. The policy was amended on Aug. 30, 2022, to stand at SAR 0.40 per share on a quarterly basis.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
20/02/2023 | 26/02/2023 | 16/03/2023 | 1,992.87 | 0.40 | |
27/10/2022 | 02/11/2022 | 22/11/2022 | 1,996.15 | 0.40 | |
03/08/2022 | 07/08/2022 | 25/08/2022 | 1,997.50 | 0.40 | |
28/04/2022 | 11/05/2022 | 31/05/2022 | 1,997.10 | 0.40 | |
21/02/2022 | 27/02/2022 | 17/03/2022 | 1,997.10 | 0.40 | |
21/10/2021 | 28/10/2021 | 18/11/2021 | 1,997.00 | 0.40 | |
02/08/2021 | 05/08/2021 | 26/08/2021 | 2,000.00 | 0.40 | |
22/04/2021 | 04/05/2021 | 31/05/2021 | 2,000.00 | 0.40 | |
21/01/2021 | 26/04/2021 | 24/05/2021 | 4,000.00 | 0.80 | |
21/10/2020 | 28/10/2020 | 18/11/2020 | 2,000.00 | 0.40 |
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 | 5.20 | 40.32 | 12.89 % |
Last 5 Financial years | 9.20 | 27.27 | 33.72 % |
Last 10 Financial years | 16.30 | 17.36 | 93.87 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 17.46 |
P/E Before Unusual Items (TTM) | 18.01 |
P/BV | 2.86 |
Dividend Yield | 4.36 % |
Market Cap. (M) | 213,750.00 |
Return on Average Assets | 9.12 % |
Return on Average Equity | 16.89 % |
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