Arabian Drilling shareholders approve 25.3% cash dividend for H1 2023
Arabian Drilling Co.’s shareholders approved the board recommendation to pay a cash dividend at 25.3% of capital, or SAR 2.53 a share, for H1 2023.
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Cash Dividend Details |
|
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Current Capital |
SAR 890 mln |
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Current Number of Shares |
89 mln |
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Total Dividends |
SAR 225.17 mln |
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Payout Ratio |
25.3% (SAR 2.53 a share) |
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Record Date |
Nov. 1, 2023 and those registered with Edaa on the second trading day following the general meeting date |
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Payment Date |
Nov. 13, 2023 |
Shareholders also authorized the board of directors to pay an interim dividend for 2023 on a semi-annual or a quarterly basis.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 02/08/2023 | 01/11/2023 | 13/11/2023 | 225.17 | 2.53 |
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any
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 | N/A | N/A | N/A |
| Last 5 Financial years | N/A | N/A | N/A |
| Last 10 Financial years | N/A | N/A | N/A |
Based on the beginning of the period (January 1 of the base year)
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Valuation Data (Latest Share Price)
| P/E (TTM) | 59.46 |
| P/E Before Unusual Items (TTM) | 66.68 |
| P/BV | 1.45 |
| Dividend Yield | 2.42 % |
| Market Cap. (M) | 8,526.21 |
| Return on Average Assets | 1.38 % |
| Return on Average Equity | 2.44 % |
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