Arabian Cement shareholders approve 11% cash dividend for H2 2022
Arabian Cement Co.'s shareholders approved during the ordinary general meeting (OGM) on April 9 the board's recommendation on an 11% cash dividend, or SAR 1.1 per share, for the second half of 2022.
| Dividend Details (H2 2022) | |
| Current Capital | SAR 1 bln | 
| Number of Shares | 100 mln | 
| Dividend | SAR 110 mln | 
| Percentage of Capital | 11% (SAR 1.1 per share) | 
| Record Date | April 9, 2023 (Shareholders registered with Edaa at the end of the second trading day following the record date) | 
| Payment Date | April 17, 2023 | 
| Dividend Details (2022) | |
| Dividend | SAR 220 mln | 
| Percentage of Capital | 22% (SAR 2.2 per share) | 
In a statement to Tadawul, the company pointed out that the shareholders also authorized the board of directors to distribute interim dividends quarterly or semi-annually for 2023.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes | 
| 23/02/2023 | 09/04/2023 | 17/04/2023 | 110.00 | 1.10 | |
| 09/08/2022 | 31/08/2022 | 15/09/2022 | 110.00 | 1.10 | |
| 28/02/2022 | 17/04/2022 | 12/05/2022 | 150.00 | 1.50 | |
| 16/08/2021 | 18/08/2021 | 06/09/2021 | 125.00 | 1.25 | |
| 01/03/2021 | 11/04/2021 | 02/05/2021 | 125.00 | 1.25 | |
| 26/07/2020 | 10/08/2020 | 26/08/2020 | 100.00 | 1.00 | |
| 02/03/2020 | 19/04/2020 | 07/05/2020 | 100.00 | 1.00 | |
| 04/08/2019 | 05/08/2019 | 29/08/2019 | 75.00 | 0.75 | |
| 03/03/2019 | 07/04/2019 | 25/04/2019 | 100.00 | 1.00 | |
| 19/02/2018 | 08/04/2018 | 26/04/2018 | 100.00 | 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 | 6.45 | 36.10 | 17.87 % | 
| Last 5 Financial years | 10.45 | 22.80 | 45.83 % | 
| Last 10 Financial years | 28.95 | 51.80 | 55.89 % | 
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Valuation Data (Latest Share Price)
| P/E (TTM) | 15.72 | 
| P/E Before Unusual Items (TTM) | 15.72 | 
| P/BV | 0.87 | 
| Dividend Yield | 5.77 % | 
| Market Cap. (M) | 2,214.00 | 
| Return on Average Assets | 4.61 % | 
| Return on Average Equity | 5.56 % | 
 
                                            
                                            
                                            
                                            
                                             
                
             
        
     
                 
                
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