Saudi Steel Pipe’s OGM to vote on SAR 3.95/shr regular, special dividends on June 3
Shareholders of Saudi Steel Pipe Co. will vote on the board's recommendation to distribute regular dividends at 10% of capital (SAR 1 a share) for 2024, in addition to special dividends at 29.5% of capital (SAR 2.95 a share) from retained earnings, during an ordinary general meeting (OGM) scheduled for June 3.
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Dividend Details |
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Capital |
SAR 510 mln |
|
Number of Shares* |
51 mln |
|
Regular Dividend |
SAR 50.54 mln |
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Percentage of Capital |
10% (SAR 1 a share) |
|
Special Dividend |
SAR 149.1 mln |
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Percentage of Capital |
29.5% (SAR 2.95 a share) |
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Total Dividends |
SAR 199.64 mln |
|
Percentage of Capital |
39.5% (SAR 3.95 a share) |
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Record Date |
June 3, 2025 (Shareholders registered with Edaa on the second trading day after the record date) |
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Payment Date |
June 22, 2025 |
*Number of shares eligible for dividend stands at 50.54 mln
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 07/05/2025 | 03/06/2025 | 22/06/2025 | 50.54 | 1.00 | |
| 07/05/2025 | 03/06/2025 | 22/06/2025 | 149.10 | 2.95 | |
| 23/05/2024 | 24/06/2024 | 07/07/2024 | 37.50 | 0.74 | |
| 07/07/2015 | 09/07/2015 | 30/07/2015 | 25.50 | 0.50 | |
| 24/02/2015 | 01/04/2015 | 21/04/2015 | 25.50 | 0.50 | |
| 16/07/2013 | 17/07/2013 | 01/08/2013 | 38.25 | 0.75 | |
| 18/02/2013 | 03/04/2013 | 18/04/2013 | 38.25 | 0.75 | |
| 20/02/2012 | 19/03/2012 | 04/04/2012 | 38.25 | 0.75 | |
| 26/09/2011 | 28/09/2011 | 22/10/2011 | 38.25 | 0.75 | |
| 13/12/2010 | 07/03/2011 | 21/03/2011 | 51.00 | 1.00 |
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 | 4.69 | 25.45 | 18.41 % |
| Last 5 Financial years | 4.69 | 21.00 | 22.31 % |
| Last 10 Financial years | 5.19 | 24.58 | 21.10 % |
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) | 12.34 |
| P/E Before Unusual Items (TTM) | 18.02 |
| P/BV | 2.59 |
| Dividend Yield | 6.01 % |
| Market Cap. (M) | 2,097.12 |
| Return on Average Assets | 9.83 % |
| Return on Average Equity | 20.57 % |
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