Shaker shareholders OK 5% dividend for 2024
Shareholders of Al Hassan Ghazi Ibrahim Shaker Co. approved the board’s recommendation to pay a cash dividend at 5% of capital, or SAR 0.5 a share, for 2024, during the ordinary general meeting (OGM) held on May 18, according to a statement to Tadawul.
|
Dividend Details |
|
|
Current Capital |
SAR 555 mln |
|
Number of Shares |
55.50 mln |
|
Nominal Value |
SAR 10 |
|
Total Dividend |
SAR 27.75 mln |
|
Percentage of Capital |
5% (SAR 0.5 per share) |
|
Record Date |
May 18, 2025 (Shareholders of record with Edaa at the end of the second trading day following the record date) |
|
Payment Date |
May 29, 2025 |
Shareholders also authorized the board to pay an interim dividend on a semi-annual or quarterly basis for 2025.
Further, they elected board members for the upcoming four-year term, which will begin on May 25, 2025. The elected members included Abdulelah Abu Nayyan, Musaab Al Muhaidib, Abdulraouf Al-Baitar, Eid AlShamri, Azzam Al-Medheim, Moteb AlGunaisi, and Rashed AlRashed.
Based on Argaam’s data, this is Shaker’s first cash dividend since 2016.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 20/04/2025 | 18/05/2025 | 29/05/2025 | 27.75 | 0.50 | |
| 17/10/2016 | 03/11/2016 | 23/11/2016 | 47.25 | 0.85 | |
| 20/11/2014 | 30/11/2014 | 15/12/2014 | 87.50 | 1.58 | |
| 21/01/2014 | 03/04/2014 | 27/04/2014 | 87.50 | 1.58 | |
| 17/10/2012 | 28/11/2012 | 10/12/2012 | 140.00 | 2.52 | |
| 19/10/2011 | 30/11/2011 | 05/12/2011 | 122.50 | 2.21 | |
| 10/11/2010 | 28/11/2010 | 04/12/2010 | 105.00 | 1.89 |
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 | 0.50 | 25.23 | 1.98 % |
| Last 5 Financial years | 0.50 | 12.35 | 4.05 % |
| Last 10 Financial years | 1.35 | 39.50 | 3.42 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 16.35 |
| P/E Before Unusual Items (TTM) | 16.35 |
| P/BV | 1.57 |
| Dividend Yield | 1.85 % |
| Market Cap. (M) | 1,309.80 |
| Return on Average Assets | 4.51 % |
| Return on Average Equity | 9.89 % |
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