SABIC Agri-Nutrients shareholders to vote on 80% cash dividend for H2 2022 on March 26
SABIC Agri-Nutrients Co. shareholders are set to vote on the board's recommendation on the distribution of cash dividend at 80% of capital, or SAR 8 per share, for H2 2022, during an extraordinary general meeting (EGM) to be held on March 26, according to a statement to Tadawul.
|
Dividend Details (H2 2022) |
|
|
Current Capital |
SAR 4.760.4 bln |
|
Number of Shares |
476.04 mln |
|
Dividend |
SAR 3.808.28 bln |
|
Dividend |
80% (SAR 8/share) |
|
Record date |
March 26, 2023 (Shareholders registered with Edaa by the close of the second trading day following the general assembly meeting date) |
|
Payment Date |
April 13, 2023 |
|
Dividend Details (2022) |
|
|
Dividend |
SAR 5.712.4 bln |
|
Percentage of Capital |
120% (or SAR 12 per share) |
Other agenda items include voting on the election of board members for the upcoming three-year term, and the formation of the audit committee.
Shareholders will also vote on authorizing the board of directors to distribute interim dividends quarterly or semi-annually for 2023.
SABIC Agri-Nutrients’ board earlier recommended the distribution of a cash dividend at SAR 4 per share for H2 2022. Given the company's performance, the board recommended the distribution of an additional SAR 4 per share dividend, bringing the total distribution to SAR 8 per share.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 20/12/2022 | 26/03/2023 | 13/04/2023 | 3,808.28 | 8.00 | |
| 29/06/2022 | 17/07/2022 | 01/08/2022 | 1,904.14 | 4.00 | |
| 20/12/2021 | 13/04/2022 | 27/04/2022 | 1,428.11 | 3.00 | |
| 14/06/2021 | 30/06/2021 | 14/07/2021 | 595.04 | 1.25 | |
| 15/12/2020 | 11/04/2021 | 25/04/2021 | 476.04 | 1.14 | |
| 14/05/2020 | 21/06/2020 | 05/07/2020 | 416.67 | 1.00 | |
| 16/12/2019 | 29/03/2020 | 12/04/2020 | 625.00 | 1.50 | |
| 19/05/2019 | 16/07/2019 | 30/07/2019 | 625.00 | 1.50 | |
| 17/12/2018 | 07/04/2019 | 21/04/2019 | 625.00 | 1.50 | |
| 10/06/2018 | 25/07/2018 | 08/08/2018 | 416.67 | 1.00 |
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 | 18.39 | 77.80 | 23.64 % |
| Last 5 Financial years | 23.89 | 65.07 | 36.72 % |
| Last 10 Financial years | 49.34 | 123.80 | 39.86 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 12.31 |
| P/E Before Unusual Items (TTM) | 12.27 |
| P/BV | 2.68 |
| Dividend Yield | 5.41 % |
| Market Cap. (M) | 52,792.89 |
| Return on Average Assets | 16.94 % |
| Return on Average Equity | 22.38 % |
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