Aldrees shareholders approve 20% cash dividend for 2022
Shareholders of Aldrees Petroleum and Transport Services Co. approved the board’s recommendation to pay a cash dividend at 20% of capital, or SAR 2 a share, for 2022, during the extraordinary general meeting (EGM), held on May 1, according to a statement to Tadawul.
|
Dividend Details (2022) |
|
|
Current Capital |
SAR 750 mln |
|
No. of Shares* |
75 mln |
|
Total Dividend |
SAR 150 mln |
|
Percentage of Capital |
20% (SAR 2 a share) |
|
Record Date |
May 1, 2023 (Shareholders of record registered with Edaa on the second trading day following the record date) |
|
Payment Date |
May 15, 2023 |
Shareholders also approved amending Article No. (3) of the Articles of Association pertaining to the company’s objectives. The company will add wholesale and retail sale of electric vehicle (EV) charges, operation of EV charging stations, handling of aviation fuel, online training, as well as training institutions and centers to its business activities.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 22/01/2023 | 01/05/2023 | 15/05/2023 | 150.00 | 1.50 | |
| 18/01/2022 | 28/02/2022 | 14/03/2022 | 112.50 | 1.13 | |
| 19/01/2021 | 14/04/2021 | 28/04/2021 | 60.00 | 0.60 | |
| 31/03/2020 | 28/04/2020 | 12/05/2020 | 90.00 | 0.90 | |
| 17/01/2019 | 18/03/2019 | 02/04/2019 | 50.00 | 0.50 | |
| 18/01/2018 | 05/03/2018 | 19/03/2018 | 50.00 | 0.50 | |
| 17/01/2017 | 12/03/2017 | 22/03/2017 | 40.00 | 0.40 | |
| 18/01/2016 | 02/03/2016 | 28/03/2016 | 80.00 | 0.80 | |
| 18/01/2015 | 08/03/2015 | 07/04/2015 | 80.00 | 0.80 | |
| 16/01/2014 | 05/03/2014 | 03/04/2014 | 60.00 | 0.60 |
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 | 3.38 | 38.60 | 8.74 % |
| Last 5 Financial years | 4.88 | 18.71 | 26.06 % |
| Last 10 Financial years | 7.88 | 13.39 | 58.83 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 25.64 |
| Recurring P/E (TTM) | 25.64 |
| P/BV | 6.89 |
| Dividend Yield | 1.56 % |
| Market Cap. (M) | 11,780.01 |
| Return on Average Assets | 4.80 % |
| Return on Average Equity | 28.87 % |
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