Advanced board declares 5.5% cash dividend for Q4 2022
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) |
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 |
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 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | NEG |
| Recurring P/E (TTM) | NEG |
| P/BV | 2.23 |
| Dividend Yield | - |
| Market Cap. (M) | 6,338.80 |
| Return on Average Assets | (0.43 %) |
| Return on Average Equity | (2.13 %) |
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