Al Rajhi Bank shareholders nod to 11.5% dividend for H2 2023
Al Rajhi Bank shareholders approved the board’s recommendation to pay a cash dividend at 11.5%, or SAR 1.15 a share after deducting Zakat, for H2 2023, during the extraordinary general meeting (EGM) held on March 24, according to a statement to Tadawul.
|
H2 2023 Dividend Details |
|
|
Current Capital |
SAR 40 bln |
|
Number of Shares |
4 bln |
|
Total Dividend |
SAR 4.6 bln |
|
Percentage of Capital |
11.5% (SAR 1.15 a share after deducting Zakat) |
|
Record Date |
March 24, 2024, for shareholders of record and those registered with Edaa on the second trading day after the record date |
|
Date of Payment |
April 3, 2024 |
|
2023 Dividend |
|
|
Total Dividend |
SAR 9.2 bln |
|
Percentage of Capital |
23% (SAR 2.35 a share after deducting Zakat) |
Shareholders also authorized the board to pay an interim dividend for 2024 on a semiannual or a quarterly basis, the statement added.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 25/02/2024 | 24/03/2024 | 03/04/2024 | 4,600.00 | 0.77 | |
| 24/07/2023 | 31/07/2023 | 14/08/2023 | 4,600.00 | 0.77 | |
| 15/01/2023 | 21/03/2023 | 02/04/2023 | 5,000.00 | 0.83 | |
| 30/06/2021 | 06/07/2021 | 14/07/2021 | 3,500.00 | 0.58 | |
| 01/03/2021 | 29/03/2021 | 06/04/2021 | 2,500.00 | 0.42 | |
| 03/02/2020 | 29/03/2020 | 06/04/2020 | 3,750.00 | 0.63 | |
| 21/07/2019 | 24/07/2019 | 01/08/2019 | 3,750.00 | 0.63 | |
| 06/01/2019 | 03/04/2019 | 11/04/2019 | 3,656.25 | 0.61 | |
| 15/07/2018 | 18/07/2018 | 26/07/2018 | 3,250.00 | 0.54 | |
| 18/02/2018 | 25/03/2018 | 03/04/2018 | 4,063.00 | 0.68 |
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 | 2.95 | 30.30 | 9.74 % |
| Last 5 Financial years | 4.62 | 23.47 | 19.67 % |
| Last 10 Financial years | 8.34 | 18.26 | 45.67 % |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}
Valuation Data (Latest Share Price)
| P/E (TTM) | 14.94 |
| Recurring P/E (TTM) | 14.94 |
| P/BV | 3.28 |
| Dividend Yield | 2.56 % |
| Market Cap. (M) | 396,000.40 |
| Return on Average Assets | 2.53 % |
| Return on Average Equity | 23.49 % |
Comments Analysis: