SABIC board OKs 17% cash dividend for H1 2024
Saudi Basic Industries Corp.'s (SABIC) board of directors recommended today, May 21, distributing cash dividends at 17% of capital, or SAR 1.7 per share, for the first half of 2024, the company said in a statement to Tadawul.
|
Dividend Details (H1 2024) |
|
|
Current Capital |
SAR 30 bln |
|
Number of Shares |
3 bln |
|
Total Dividend |
SAR 5.1 bln |
|
Percentage of Capital |
17% (SAR 1.7 per share) |
|
Record Date |
Shareholders registered with Edaa by the end of second trading day following the record date, Sept. 3, 2024 |
|
Payment date |
Sept. 24, 2024 |
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 21/05/2024 | 03/09/2024 | 24/09/2024 | 5,100.00 | 1.70 | |
| 12/12/2023 | 12/02/2024 | 04/03/2024 | 4,800.00 | 1.60 | |
| 15/06/2023 | 12/09/2023 | 02/10/2023 | 5,400.00 | 1.80 | |
| 13/12/2022 | 13/03/2023 | 02/04/2023 | 6,000.00 | 2.00 | |
| 19/06/2022 | 11/09/2022 | 02/10/2022 | 6,750.00 | 2.25 | |
| 15/12/2021 | 10/04/2022 | 25/04/2022 | 6,750.00 | 2.25 | |
| 22/06/2021 | 19/09/2021 | 03/10/2021 | 5,250.00 | 1.75 | |
| 16/12/2020 | 13/04/2021 | 03/05/2021 | 4,500.00 | 1.50 | |
| 17/06/2020 | 03/09/2020 | 20/09/2020 | 4,500.00 | 1.50 | |
| 18/12/2019 | 21/04/2020 | 12/05/2020 | 6,600.00 | 2.20 |
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 | 11.05 | 116.60 | 9.48 % |
| Last 5 Financial years | 18.05 | 93.10 | 19.39 % |
| Last 10 Financial years | 40.55 | 83.88 | 48.34 % |
Based on the beginning of the period (January 1 of the base year)
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Valuation Data (Latest Share Price)
| P/E (TTM) | NEG |
| Recurring P/E (TTM) | NEG |
| P/BV | 1.25 |
| Dividend Yield | 5.85 % |
| Market Cap. (M) | 155,550.16 |
| Return on Average Assets | (9.63 %) |
| Return on Average Equity | (17.54 %) |
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