stc to pay 4% dividend for Q3 2024
stc will pay cash dividends for Q3 2024 at 4% of par value, or SAR 0.40, according to a statement to Tadawul.
|
Cash Dividend Details |
|
|
Current Capital |
SAR 50 bln |
|
Current Number of Shares* |
5 bln |
|
Total Dividends |
SAR 1.99 bln |
|
Payout Ratio |
4% (SAR 0.4 a share) |
|
Record Date |
Nov. 06, 2024 |
|
Payment Date |
Nov. 26, 2024 |
*Number of Eligible Shares is 4.98 bln shares
|
Total Dividend (9M 2024) |
|
|
Total Dividends |
SAR 5.98 bln |
|
Percentage of Capital |
12% (SAR 1.2 a share) |
The number of treasury shares, which are not eligible for dividends and allocated for the employee stock program, is 13.08 million to date.
The payout aligns with the telecom operator’s three-year dividend policy, which started as of Q4 2021, and was approved during the ordinary general meeting (OGM) held on Nov. 30, 2021.
The policy amendment was endorsed in the extraordinary general meeting (EGM) held on August 30, 2022, to pay SAR 0.40 a share on a quarterly basis.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 04/11/2024 | 06/11/2024 | 26/11/2024 | 1,994.76 | 0.40 | |
| 23/07/2024 | 28/07/2024 | 15/08/2024 | 1,994.76 | 0.40 | |
| 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 |
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) | 14.39 |
| P/E Before Unusual Items (TTM) | 15.06 |
| P/BV | 2.53 |
| Dividend Yield | 5.11 % |
| Market Cap. (M) | 214,100.22 |
| Return on Average Assets | 9.05 % |
| Return on Average Equity | 16.92 % |
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