Riyadh Development shareholders approve 5% cash dividend for H2 2023
Riyadh Development Co.'s shareholders approved a 2.5% cash dividend, or SAR 0.25 per share, for H2 2023, during the ordinary general meeting (OGM) held on April 23, the company said in a statement to Tadawul.
In addition, shareholders approved a special dividend of 2.5%, due to the sale of part of the company’s unutilized lands available for sale.
Thus, the total dividend distributed for H2 2023 stands at 5% or SAR 0.5 per share.
|
Dividend (H2 2023) |
|
|
Current capital |
SAR 1.77 bln |
|
Number of shares |
177.78 mln |
|
Total dividends |
SAR 88.89 mln |
|
Percentage of capital |
5% (SAR 0.50 per share) |
|
Record date |
April 23 (Shareholders registered with Edaa at the end of the second trading day following the OGM date) |
|
Payment date |
May 14, 2024 |
|
Total Dividend (2023) |
|
|
Total dividends |
SAR 133.33 mln |
|
Percentage of capital |
7.5% (SAR 0.75 per share) |
Meanwhile, shareholders delegated the board of directors to distribute interim dividends for 2024 on a semi-annual or a quarterly basis.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 10/03/2024 | 23/04/2024 | 14/05/2024 | 88.89 | 0.50 | |
| 27/07/2023 | 10/08/2023 | 31/08/2023 | 44.44 | 0.25 | |
| 21/03/2023 | 30/04/2023 | 18/05/2023 | 44.44 | 0.25 | |
| 29/09/2022 | 10/10/2022 | 30/10/2022 | 44.44 | 0.25 | |
| 20/02/2022 | 12/05/2022 | 31/05/2022 | 88.89 | 0.50 | |
| 14/07/2021 | 09/09/2021 | 30/09/2021 | 177.78 | 1.00 | |
| 11/03/2021 | 18/04/2021 | 06/05/2021 | 115.56 | 0.65 | |
| 22/07/2020 | 13/09/2020 | 04/10/2020 | 88.89 | 0.50 | |
| 12/03/2020 | 19/04/2020 | 06/05/2020 | 88.89 | 0.50 | |
| 17/07/2019 | 09/09/2019 | 24/09/2019 | 71.11 | 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 | 1.69 | 25.30 | 6.68 % |
| Last 5 Financial years | 4.34 | 15.02 | 28.90 % |
| Last 10 Financial years | 9.14 | 15.24 | 59.97 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 16.12 |
| P/E Before Unusual Items (TTM) | 16.48 |
| P/BV | 1.35 |
| Dividend Yield | 1.31 % |
| Market Cap. (M) | 5,497.38 |
| Return on Average Assets | 9.36 % |
| Return on Average Equity | 10.44 % |
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