Budget Saudi shareholders approve 10% dividend for H2 2024
United International Transportation Co. (Budget Saudi) said its shareholders approved a board proposal to distribute a cash dividend at 10% of capital, or SAR 1 per share, for the second half of 2024, during the ordinary general meeting (OGM) held on May 22, according to a Tadawul statement.
|
Dividend Details (H2 2024) |
|
|
Current Capital |
SAR 781.67 mln |
|
Number of Shares |
78.17 mln |
|
Total Dividend |
SAR 78.17 mln |
|
Percentage of Capital |
10% (SAR 1 per share) |
|
Record Date |
May 22, 2025 (Shareholders of record registered with Edaa at the end of the second trading day following the record date) |
|
Payment Date |
June 15, 2025 |
|
Total Dividends (2024) |
|
|
Total Dividend |
SAR 113.35 mln |
|
Percentage of Capital |
14.5% (SAR 1.45 per share) |
Shareholders also authorized the board to distribute interim dividends for 2025 on a quarterly or semi-annual basis, the statement said.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 17/03/2025 | 22/05/2025 | 15/06/2025 | 78.17 | 0.75 | |
| 01/08/2024 | 08/08/2024 | 28/08/2024 | 35.18 | 0.37 | |
| 25/03/2024 | 23/05/2024 | 06/06/2024 | 71.17 | 0.75 | |
| 27/07/2023 | 24/08/2023 | 13/09/2023 | 35.58 | 0.37 | |
| 23/02/2023 | 13/04/2023 | 09/05/2023 | 106.75 | 1.12 | |
| 31/07/2022 | 18/08/2022 | 01/09/2022 | 35.58 | 0.37 | |
| 30/03/2022 | 17/05/2022 | 02/06/2022 | 92.52 | 0.98 | |
| 22/08/2021 | 01/09/2021 | 20/09/2021 | 42.70 | 0.45 | |
| 07/02/2021 | 29/04/2021 | 10/05/2021 | 88.96 | 0.94 | |
| 23/07/2020 | 28/07/2020 | 20/08/2020 | 35.58 | 0.37 |
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 | 3.71 | 35.52 | 10.45 % |
| Last 5 Financial years | 6.45 | 27.63 | 23.34 % |
| Last 10 Financial years | 11.06 | 30.53 | 36.22 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 12.48 |
| Recurring P/E (TTM) | 12.48 |
| P/BV | 1.25 |
| Dividend Yield | 2.40 % |
| Market Cap. (M) | 3,713.26 |
| Return on Average Assets | 5.71 % |
| Return on Average Equity | 10.33 % |
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