Riyadh Cement board proposes 12.5% cash dividend for H2 2024
Riyadh Cement Co.’s board of directors proposed today, Jan. 21, to pay cash dividend at 12.5% of capital, or SAR 1.25 a share, for H2 2024.
|
Cash Dividends (H2 2024) |
|
|
Current Capital |
SAR 1.2 bln |
|
Number of Shares |
120 mln |
|
Total Dividends |
SAR 150 mln |
|
Payout Ratio |
12.5% (SAR 1.25 a share) |
|
Record Date |
To shareholders of record who are registered with Edaa at the end of the second trading day following the record date |
|
Payment Date |
To be announced later |
|
Total Dividends (2024) |
|
|
Dividends |
SAR 270 mln |
|
Percentage of Capital |
22.5% (SAR 2.25 a share) |
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 21/01/2025 | 17/04/2025 | 29/04/2025 | 150.00 | 1.25 | |
| 07/08/2024 | 18/08/2024 | 28/08/2024 | 120.00 | 1.00 | |
| 11/12/2023 | 23/04/2024 | 30/04/2024 | 90.00 | 0.75 | |
| 24/08/2023 | 01/09/2023 | 13/09/2023 | 96.00 | 0.80 | |
| 20/12/2022 | 03/05/2023 | 11/05/2023 | 90.00 | 0.75 | |
| 05/09/2022 | 15/09/2022 | 28/09/2022 | 90.00 | 0.75 | |
| 23/12/2021 | 23/05/2022 | 31/05/2022 | 90.00 | 0.75 | |
| 08/09/2021 | 16/09/2021 | 03/10/2021 | 120.00 | 1.00 | |
| 29/12/2020 | 21/04/2021 | 28/04/2021 | 120.00 | 1.00 | |
| 13/09/2020 | 20/09/2020 | 04/10/2020 | 90.00 | 0.75 |
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 | 5.30 | 33.00 | 16.06 % |
| Last 5 Financial years | 8.80 | 24.00 | 36.67 % |
| Last 10 Financial years | N/A | N/A | N/A |
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) | 12.40 |
| Recurring P/E (TTM) | 12.40 |
| P/BV | 1.30 |
| Dividend Yield | 6.76 % |
| Market Cap. (M) | 2,289.60 |
| Return on Average Assets | 9.53 % |
| Return on Average Equity | 10.49 % |
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