Aramco pays Q1 2024 dividend at SAR 0.48/share

07/05/2024 Argaam Exclusive

Saudi Arabian Oil Co. (Saudi Aramco) declared a base dividend of SAR 0.3145 a share, totaling SAR 76.10 billion in line with the company’s dividend policy.

 

It also announced the payment of a performance-linked dividend of SAR 0.1670 a share, totaling SAR 40.41 billion, based on the combined full-year results of 2022 and 2023.

 

Dividend Details (Q1 2024)

Current Capital*

SAR 90 bln

No. of Shares**

242 bln

Total Dividends

SAR 116.51 bln ($31.07 bln)

Base Dividend

SAR 76.10 bln (SAR 0.3145 a share)

Performance-Linked Dividend

SAR 40.41 bln (SAR 0.167 a share)

Dividend per Share

SAR 0.4815

Record Date

March 14, 2024 (Shareholders of record and those registered with Edaa on the second trading day following the record date)

Payment Date

March 23, 2024

*Saudi Aramco’s shares have no nominal value

**Eligible shares amounted to 241.96 bln

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
07/05/2024 14/05/2024 23/05/2024 116,510.00 0.48
10/03/2024 13/03/2024 28/03/2024 116,500.00 0.48
07/11/2023 14/11/2023 30/11/2023 110,180.00 0.46
07/08/2023 10/09/2023 27/09/2023 110,180.00 0.46
09/05/2023 16/05/2023 31/05/2023 73,160.00 0.30
12/03/2023 14/03/2023 20/03/2023 73,150.00 0.30
01/11/2022 08/11/2022 28/11/2022 70,330.00 0.29
14/08/2022 21/08/2022 07/09/2022 70,330.00 0.29
15/05/2022 23/05/2022 08/06/2022 70,330.00 0.29
20/03/2022 22/03/2022 31/03/2022 70,330.00 0.29
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 4.03 28.81 13.99 %
Last 5 Financial years 6.33 29.10 21.74 %
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

29.25
(0.25) (0.85 %)
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Valuation Data (Latest Share Price)

P/E (TTM) 16.14
P/E Before Unusual Items (TTM) 16.05
P/BV 4.65
Dividend Yield 5.13 %
Market Cap. (M) 7,078,500.00
Return on Average Assets 17.68 %
Return on Average Equity 29.09 %

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