Saudi Electricity board recommends 7% cash dividend for 2022
Saudi Electricity Co.’s (SEC) board of directors, on March 14, recommended the distribution of a cash dividend at SAR 0.70 per share, or 7% of capital, for 2022, according to a statement to Tadawul.
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Dividend Details (2022) |
|
|
Current Capital |
SAR 41.66 bln |
|
Number of Shares |
4.16 bln |
|
Dividend |
SAR 2.9 bln |
|
Percentage of Capital |
7% (SAR 0.70 per share) |
|
Record Date |
Shareholders of record on the eligibility date and registered with the Securities Depository Center Company (Edaa) by the end of the second trading day after the record date. |
|
Payment Date |
To be announced later |
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 15/03/2023 | 09/05/2023 | 25/05/2023 | 2,916.62 | 0.70 | |
| 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 |
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 | 21.20 | 9.91 % |
| Last 5 Financial years | 3.50 | 15.16 | 23.09 % |
| Last 10 Financial years | 7.00 | 14.55 | 48.11 % |
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) | 14.60 |
| Recurring P/E | 14.60 |
| P/BV | 0.82 |
| Dividend Yield | 4.98 % |
| Market Cap. (M) | 70,207.11 |
| Return on Average Assets | 0.78 % |
| Return on Average Equity | 5.65 % |
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