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stc to pay 4% cash dividend for Q1 2024
AI Summary
Content Summary: 
Tadawul-listed telecom giant stc announced that it will pay a cash dividend at 4%, or SAR 0.4 a share, for Q1 2024, as follows:
|
Cash dividends (Q1 2024) |
|
|
Current Capital |
SAR 50 bln |
|
Number of Shares* |
5 bln |
|
Total Dividends |
SAR 1.993 bln |
|
Percentage of Payment |
4% (SAR 0.4 a share) |
|
Record Date |
May 21, 2024, for shareholders of record and those registered with Edaa on the second trading day following the record date |
|
Date of Payment |
June 10, 2024 |
In a statement to Tadawul, the telecom operator said 15.49 million shares, so far, are not eligible for dividends as they are allocated for the employee incentive program.
The decision is in line with stc’s three-year dividend payment policy, which started in Q4 2021 and was approved during the ordinary general meeting (OGM) held on Nov. 30, 2021. The amended policy was approved during the extraordinary general meeting (EGM) held on Aug. 30, 2022, on payment of SAR 0.40 a share on a quarterly basis.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 08/05/2024 | 21/05/2024 | 10/06/2024 | 1,993.80 | 0.40 | |
| 19/02/2024 | 25/02/2024 | 14/03/2024 | 1,993.80 | 0.40 | |
| 19/02/2024 | 25/04/2024 | 15/05/2024 | 4,984.50 | 1.00 | |
| 30/10/2023 | 05/11/2023 | 23/11/2023 | 1,993.80 | 0.40 | |
| 30/07/2023 | 03/08/2023 | 23/08/2023 | 1,993.79 | 0.40 | |
| 10/05/2023 | 18/05/2023 | 07/06/2023 | 1,992.87 | 0.40 | |
| 20/02/2023 | 26/02/2023 | 16/03/2023 | 1,992.87 | 0.40 | |
| 27/10/2022 | 02/11/2022 | 22/11/2022 | 1,996.15 | 0.40 | |
| 03/08/2022 | 07/08/2022 | 25/08/2022 | 1,997.50 | 0.40 | |
| 28/04/2022 | 11/05/2022 | 31/05/2022 | 1,997.10 | 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 | 7.95 | 44.56 | 17.83 % |
| Last 5 Financial years | 11.55 | 40.32 | 28.63 % |
| Last 10 Financial years | 20.35 | 26.50 | 76.77 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 8.40 |
| P/E Before Unusual Items (TTM) | 16.78 |
| P/BV | 2.51 |
| Dividend Yield | 9.35 % |
| Market Cap. (M) | 210,300.21 |
| Return on Average Assets | 15.86 % |
| Return on Average Equity | 30.67 % |
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