Riyadh Development board proposes 2.5% cash dividend for H2 2022
Riyadh Development Co.’s board of directors recommended today, March 21, a 2.5% cash dividend for the second half of 2022, at SAR 0.25 per share, the company said in a Tadawul statement.
|
Dividend (H2 2022) |
|
|
Current Capital |
SAR 1.77 bln |
|
Number of Shares |
177.78 mln |
|
Total Dividends |
SAR 44.44 mln |
|
Percentage of Capital |
2.5% (SAR 0.25 per share) |
|
Record Date |
Shareholders of record by the close of trading on the next general meeting date and who are registered with Edaa at the end of the second trading day following the general meeting date |
|
Payment Date |
Later |
|
Total Dividends (2022) |
|
|
Total Dividends |
SAR 88.88 mln |
|
Percentage of Capital |
5% (SAR 0.5 a share) |
This comes in line with the company's strategy that targets to balance between dividend distribution and sustainable growth, the developer noted.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 21/03/2023 | 30/04/2023 | 18/05/2023 | 44.44 | 0.25 | |
| 29/09/2022 | 10/10/2022 | 30/10/2022 | 44.44 | 0.25 | |
| 20/02/2022 | 12/05/2022 | 31/05/2022 | 88.89 | 0.50 | |
| 14/07/2021 | 09/09/2021 | 30/09/2021 | 177.78 | 1.00 | |
| 11/03/2021 | 18/04/2021 | 06/05/2021 | 115.56 | 0.65 | |
| 22/07/2020 | 13/09/2020 | 04/10/2020 | 88.89 | 0.50 | |
| 12/03/2020 | 19/04/2020 | 06/05/2020 | 88.89 | 0.50 | |
| 17/07/2019 | 09/09/2019 | 24/09/2019 | 71.11 | 0.40 | |
| 24/02/2019 | 02/05/2019 | 23/05/2019 | 106.67 | 0.60 | |
| 15/07/2018 | 29/07/2018 | 13/08/2018 | 66.67 | 0.38 |
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 | 3.15 | 15.02 | 20.97 % |
| Last 5 Financial years | 5.03 | 13.89 | 36.18 % |
| Last 10 Financial years | 9.54 | 12.58 | 75.87 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 16.22 |
| P/E Before Unusual Items (TTM) | 16.58 |
| P/BV | 1.35 |
| Dividend Yield | 1.31 % |
| Market Cap. (M) | 5,530.13 |
| Return on Average Assets | 9.36 % |
| Return on Average Equity | 10.44 % |
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