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stc to distribute 4% cash dividend for Q3 2023
AI Summary
Content Summary: 
Saudi telecom major stc declared a 4% cash dividend, or SAR 0.40 per share, for the third quarter of 2023, according to a Tadawul statement.
|
Dividend Details (Q3 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 |
Nov. 5, 2023 (Shareholders registered with Edaa by the close of the second trading day following the record date) |
|
Payment date |
Nov. 23, 2023 |
*A total of 4.98 bln shares are dividend eligible
|
Dividend Details (9M 2023) |
|
|
Dividend |
SAR 5.98 bln |
|
Percentage of capital |
12% (SAR 1.20 per share) |
The total number of treasury shares ineligible for dividend, being related to the employee stock incentives plan, stood at 15.49 million by the end of the third quarter of 2023, the statement added.
The distribution came 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 |
| 30/10/2023 | 05/11/2023 | 23/11/2023 | 1,993.80 | 0.40 | |
| 30/07/2023 | 03/08/2023 | 23/08/2023 | 1,993.79 | 0.40 | |
| 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 |
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) | 14.59 |
| Recurring P/E | 15.27 |
| P/BV | 2.56 |
| Dividend Yield | 5.11 % |
| Market Cap. (M) | 217,100.22 |
| Return on Average Assets | 9.05 % |
| Return on Average Equity | 16.92 % |
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