SNB board declares 9% cash dividend for H1 2024
Saudi National Bank’s (SNB) board of directors declared, on Aug. 5, a 9% cash dividend, at SAR 0.90 per share after Zakat, for the first half of 2024.
|
Dividend Details (H1 2024) |
|
|
Current capital |
SAR 60 bln |
|
Number of shares |
6 bln |
|
Dividend |
SAR 5.4 bln |
|
Percentage of capital |
9% (SAR 0.90 per share after Zakat) |
|
Record date |
Aug. 11, 2024 |
|
Payment date |
Aug. 25, 2024 |
In a statement to Tadawul, the bank said it obtained the approval of the Saudi Central Bank (SAMA) for the second-half dividend.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 06/08/2024 | 11/08/2024 | 25/08/2024 | 5,400.00 | 0.90 | |
| 25/02/2024 | 01/05/2024 | 14/05/2024 | 5,400.00 | 0.90 | |
| 26/07/2023 | 01/08/2023 | 13/08/2023 | 5,100.00 | 0.85 | |
| 12/01/2023 | 07/05/2023 | 18/05/2023 | 2,686.80 | 0.45 | |
| 03/07/2022 | 13/07/2022 | 21/07/2022 | 4,925.80 | 0.82 | |
| 27/01/2022 | 17/04/2022 | 26/04/2022 | 4,030.20 | 0.67 | |
| 09/08/2021 | 12/08/2021 | 23/08/2021 | 2,910.70 | 0.49 | |
| 04/04/2021 | 06/05/2021 | 23/05/2021 | 3,582.40 | 0.60 | |
| 26/12/2019 | 31/03/2020 | 09/04/2020 | 3,600.00 | 0.90 | |
| 29/07/2019 | 01/08/2019 | 21/08/2019 | 3,300.00 | 0.82 |
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 | 4.92 | 48.36 | 10.17 % |
| Last 5 Financial years | 6.67 | 36.31 | 18.38 % |
| Last 10 Financial years | 12.35 | 27.85 | 44.35 % |
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) | 9.05 |
| Recurring P/E (TTM) | 9.05 |
| P/BV | 1.25 |
| Dividend Yield | 5.68 % |
| Market Cap. (M) | 234,000.00 |
| Return on Average Assets | 2.10 % |
| Return on Average Equity | 14.08 % |
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