Riyad Bank shareholders approve 7.5% cash dividend for H2 2023
Riyad Bank shareholders approved on March 24 the board's proposal for a 7.5% cash dividend, or SAR 0.75 per share, for the second half of 2023.
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Dividend Details (H2 2023) |
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Current capital |
SAR 30 bln |
|
Number of shares |
3 bln |
|
Dividend* |
SAR 2.24 bln |
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Percentage of capital** |
7.5% (SAR 0.75 per share) (Remove the extra space) |
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Record date |
March 24, 2024, for shareholders registered with Edaa by the close of the second trading day following the general assembly date |
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Payment date |
April 2, 2024 |
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Total Dividend for 2023 |
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|
Total dividend |
SAR 4.19 bln |
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Percentage of capital |
14% (SAR 1.4 per share) |
*Number of eligible shares is 2.99 bln.
**After Zakat.
Meanwhile, shareholders approved authorizing the board to distribute interim dividends on a semiannual or a quarterly basis for 2024.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 13/02/2024 | 24/03/2024 | 02/04/2024 | 2,246.25 | 0.75 | |
| 19/07/2023 | 27/07/2023 | 07/08/2023 | 1,947.81 | 0.65 | |
| 19/12/2022 | 26/03/2023 | 03/04/2023 | 1,950.00 | 0.65 | |
| 18/07/2022 | 28/07/2022 | 11/08/2022 | 1,500.00 | 0.50 | |
| 16/12/2021 | 12/04/2022 | 25/04/2022 | 1,620.00 | 0.54 | |
| 21/06/2021 | 24/06/2021 | 05/07/2021 | 1,500.00 | 0.50 | |
| 28/02/2021 | 23/03/2021 | 06/04/2021 | 1,500.00 | 0.50 | |
| 30/12/2019 | 25/03/2020 | 08/04/2020 | 1,650.00 | 0.55 | |
| 07/07/2019 | 11/07/2019 | 24/07/2019 | 1,560.00 | 0.52 | |
| 13/12/2018 | 19/03/2019 | 02/04/2019 | 1,200.00 | 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 | 3.59 | 20.32 | 17.66 % |
| Last 5 Financial years | 5.16 | 19.76 | 26.10 % |
| Last 10 Financial years | 8.74 | 14.85 | 58.84 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 7.81 |
| P/E Before Unusual Items (TTM) | 7.81 |
| P/BV | 1.27 |
| Dividend Yield | 5.93 % |
| Market Cap. (M) | 78,360.00 |
| Return on Average Assets | 2.13 % |
| Return on Average Equity | 16.91 % |
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