stc declares 4% cash dividend for Q1 2023
stc will distribute a 4% cash dividend, or SAR 0.40 per share, for the first quarter of 2023, the telecom operator said in a Tadawul statement.
|
Dividend Details (Q1 2023) |
|
|
Current capital |
SAR 50 bln |
|
Number of shares* |
5 bln |
|
Dividend |
SAR 1.99 bln |
|
Percentage of capital |
4% (SAR 0.40 per share) |
|
Record date |
May 18, 2023, including shareholders registered with Edaa by the close of the second trading day following the record date. |
|
Payment date |
June 7, 2023 |
The total number of treasury shares ineligible for dividends, which are related to the employee stock incentives plan, stood at 17.82 million shares at the end of the first quarter of 2023, the statement added.
The distribution comes in line with the three-year dividend policy adopted by stc since Q4 2021, which was approved by the ordinary general meeting (OGM) held on Nov. 30, 2021. The policy was amended on Aug. 30, 2022, to stand at SAR 0.40 per share on a quarterly basis.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 10/05/2023 | 18/05/2023 | 07/06/2023 | 1,992.87 | 0.40 | |
| 20/02/2023 | 26/02/2023 | 16/03/2023 | 1,992.87 | 0.40 | |
| 27/10/2022 | 02/11/2022 | 22/11/2022 | 1,996.15 | 0.40 | |
| 03/08/2022 | 07/08/2022 | 25/08/2022 | 1,997.50 | 0.40 | |
| 28/04/2022 | 11/05/2022 | 31/05/2022 | 1,997.10 | 0.40 | |
| 21/02/2022 | 27/02/2022 | 17/03/2022 | 1,997.10 | 0.40 | |
| 21/10/2021 | 28/10/2021 | 18/11/2021 | 1,997.00 | 0.40 | |
| 02/08/2021 | 05/08/2021 | 26/08/2021 | 2,000.00 | 0.40 | |
| 22/04/2021 | 04/05/2021 | 31/05/2021 | 2,000.00 | 0.40 | |
| 25/03/2021 | 26/04/2021 | 24/05/2021 | 2,000.00 | 0.40 |
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 | 5.80 | 42.40 | 13.67 % |
| Last 5 Financial years | 9.40 | 36.60 | 25.67 % |
| Last 10 Financial years | 18.00 | 22.20 | 81.06 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 8.40 |
| P/E Before Unusual Items (TTM) | 16.78 |
| P/BV | 2.51 |
| Dividend Yield | 9.35 % |
| Market Cap. (M) | 210,300.21 |
| Return on Average Assets | 15.86 % |
| Return on Average Equity | 30.67 % |
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