Advanced board declares 5.5% cash dividend for Q4 2022

21/02/2023 Argaam Exclusive

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Advanced Petrochemical Co.’s board of directors approved on Feb. 20 a 5.5% cash dividend, or SAR 0.55 per share, for the fourth quarter of 2022, the company said in a statement to Tadawul. 

Dividend Details (Q4 2022)

Current capital

SAR 2.60 bln

Number of shares*

260 mln

Dividend

SAR 142.5 mln

Percentage of capital

5.5% (SAR 0.55 per share)

Record date

May 18, 2023 (Shareholders registered with Edaa by the close of the second trading day following the record date).

Payment date

May 28, 2023

 

Total Dividend (2022)

Total dividend

   SAR 570.5 mln

Percentage of capital 

   22% (SAR 2.2 per share)
*Dividend-eligible shares stand at 259.15 mln

 

The decision on future dividends will take into consideration the upcoming expansions and projects, to complete the strategic growth plan of the company and its subsidiaries, Advanced added.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
21/02/2023 18/05/2023 28/05/2023 142.53 0.55
28/09/2022 08/12/2022 18/12/2022 142.53 0.55
06/07/2022 08/09/2022 18/09/2022 142.53 0.55
29/03/2022 12/05/2022 22/05/2022 143.00 0.55
22/12/2021 10/02/2022 20/02/2022 140.70 0.54
20/10/2021 11/11/2021 21/11/2021 140.70 0.54
30/06/2021 19/08/2021 30/08/2021 140.70 0.54
31/03/2021 20/05/2021 31/05/2021 140.70 0.54
22/12/2020 30/03/2021 20/04/2021 140.70 0.54
29/09/2020 20/10/2020 09/11/2020 140.70 0.54
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 4.36 55.40 7.87 %
Last 5 Financial years 8.67 37.71 22.98 %
Last 10 Financial years 18.66 25.99 71.79 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends


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Advanced Petrochemical Co.
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Valuation Data (Latest Share Price)

P/E (TTM) NEG
P/E Before Unusual Items (TTM) 50.25
P/BV 2.39
Dividend Yield -
Market Cap. (M) 7,503.61
Return on Average Assets (0.47 %)
Return on Average Equity (1.98 %)

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