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MEPCO shareholders to vote on 5% cash dividend for H2 2022 on June 22
AI Summary
Content Summary: 
Shareholders of Middle East Paper Co. (MEPCO) will vote on a 5% cash dividend, or SAR 0.5 per share, for H2 2022, during the ordinary general meeting (OGM) scheduled for June 22, the company said in a Tadawul statement.
|
Cash Dividend Details (H2 2022) |
|
|
Current Capital |
SAR 666.67 mln |
|
Number of Shares |
66.67 mln |
|
Total Dividend |
SAR 33.33 mln |
|
Percentage of Capital |
5% (SAR 0.5 a share) |
|
Record Date |
June 22, 2023 (Shareholders of record by the close of the second trading day following the OGM date) |
|
Payment Date |
Within 15 days from the record date |
MEPCO added that shareholders will also discuss authorizing the board of directors to pay interim cash dividends on a semi-annual or a quarterly basis for 2023.
The company paid SAR 0.5 dividend per share for the first half of 2022.
In November 2022, shareholders approved raising capital through a 33.3% bonus share distribution.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 23/05/2023 | 22/06/2023 | 11/07/2023 | 33.33 | 0.50 | |
| 09/10/2022 | 13/10/2022 | 25/10/2022 | 25.00 | 0.37 | |
| 17/03/2022 | 13/06/2022 | 28/06/2022 | 50.00 | 0.75 | |
| 10/03/2019 | 11/03/2019 | 25/03/2019 | 25.00 | 0.37 | |
| 30/10/2018 | 01/11/2018 | 14/11/2018 | 25.00 | 0.37 | |
| 04/03/2018 | 22/04/2018 | 08/05/2018 | 37.50 | 0.56 | |
| 15/03/2017 | 23/05/2017 | 08/06/2017 | 37.50 | 0.56 | |
| 08/05/2016 | 26/06/2016 | 24/07/2016 | 25.00 | 0.37 |
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 | 1.62 | 10.68 | 15.22 % |
| Last 5 Financial years | 2.37 | 14.70 | 16.16 % |
| Last 10 Financial years | N/A | N/A | N/A |
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Valuation Data (Latest Share Price)
| P/E (TTM) | NEG |
| P/E Before Unusual Items (TTM) | NEG |
| P/BV | 1.24 |
| Dividend Yield | - |
| Market Cap. (M) | 2,019.41 |
| Return on Average Assets | (0.76 %) |
| Return on Average Equity | (1.20 %) |
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