Eastern Cement board declares 10% cash dividend for H2 2022
Eastern Province Cement Co.’s board of directors declared, on March 19, the payment of a cash dividend at 10% of capital, or SAR 1 a share, for H2 2022, according to a statement to Tadawul.
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Dividend Details (H2 2022) |
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Current Capital |
SAR 860 mln |
|
Number of Shares |
86 mln |
|
Total Dividend |
SAR 86 mln |
|
Percentage of Capital |
10% (SAR 1 a share) |
|
Record Date |
March 26, 2023 (Shareholders registered with Edaa on the second day of trading following the record date) |
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Date of Payment |
April 13, 2023 |
|
|
|
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Total Dividend (2022) |
|
|
Total Dividend |
SAR 172 mln |
|
Percentage of Capital |
20% (SAR 2 a share) |
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 20/03/2023 | 26/03/2023 | 13/04/2023 | 86.00 | 1.00 | |
| 03/08/2022 | 14/08/2022 | 30/08/2022 | 86.00 | 1.00 | |
| 13/03/2022 | 11/04/2022 | 26/04/2022 | 94.60 | 1.10 | |
| 02/08/2021 | 08/08/2021 | 23/08/2021 | 120.40 | 1.40 | |
| 07/03/2021 | 11/04/2021 | 28/04/2021 | 215.00 | 2.50 | |
| 18/03/2020 | 14/04/2020 | 27/04/2020 | 129.00 | 1.50 | |
| 19/03/2019 | 30/04/2019 | 15/05/2019 | 64.50 | 0.75 | |
| 21/03/2018 | 08/05/2018 | 24/05/2018 | 86.00 | 1.00 | |
| 14/02/2017 | 10/04/2017 | 27/04/2017 | 129.00 | 1.50 | |
| 23/02/2016 | 29/03/2016 | 17/04/2016 | 215.00 | 2.50 |
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 | 6.10 | 41.20 | 14.81 % |
| Last 5 Financial years | 10.10 | 20.50 | 49.27 % |
| Last 10 Financial years | 18.35 | 60.00 | 30.58 % |
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) | 10.01 |
| Recurring P/E | 8.91 |
| P/BV | 0.90 |
| Dividend Yield | 5.13 % |
| Market Cap. (M) | 2,126.78 |
| Return on Average Assets | 6.89 % |
| Return on Average Equity | 9.16 % |
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