Southern Cement shareholders OK 7% cash dividends for H2 2024
Southern Province Cement Co.’s shareholders approved the board’s recommendation to distribute cash dividends at 7%, or SAR 0.70 a share, for H2 2024, during the extraordinary general meeting (EGM) held on June 18, according to a statement to Tadawul.
|
Cash Dividends (H2 2024) |
|
|
Current Capital |
SAR 1.4 bln |
|
Number of Shares |
140 mln |
|
Nominal Value |
SAR 10 |
|
Total Dividends |
SAR 98 mln |
|
% of Capital |
7% (SAR 0.7 share) |
|
Record Date |
June 18, 2025. Shareholders of record and those registered with Edaa on the second trading day following the record date. |
|
Payment Date |
July 1, 2025 |
Shareholders further authorized the board to distribute interim dividends on a semi-annual or quarterly basis for 2025, the statement added.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 27/03/2025 | 18/06/2025 | 01/07/2025 | 98.00 | 0.70 | |
| 08/08/2024 | 11/08/2024 | 25/08/2024 | 70.00 | 0.50 | |
| 14/03/2024 | 20/05/2024 | 29/05/2024 | 91.00 | 0.65 | |
| 31/08/2023 | 03/09/2023 | 17/09/2023 | 49.00 | 0.35 | |
| 28/03/2023 | 30/05/2023 | 11/06/2023 | 70.00 | 0.50 | |
| 08/09/2022 | 14/09/2022 | 26/09/2022 | 105.00 | 0.75 | |
| 03/03/2022 | 12/04/2022 | 24/04/2022 | 175.00 | 1.25 | |
| 29/07/2021 | 10/08/2021 | 22/08/2021 | 175.00 | 1.25 | |
| 03/03/2021 | 11/04/2021 | 25/04/2021 | 350.00 | 2.50 | |
| 23/07/2020 | 09/08/2020 | 23/08/2020 | 315.00 | 2.25 |
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 | 3.45 | 69.90 | 4.94 % |
| Last 5 Financial years | 10.70 | 64.50 | 16.59 % |
| Last 10 Financial years | 28.45 | 109.08 | 26.08 % |
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) | 22.84 |
| P/E Before Unusual Items (TTM) | 22.84 |
| P/BV | 0.99 |
| Dividend Yield | 3.48 % |
| Market Cap. (M) | 3,252.20 |
| Return on Average Assets | 3.14 % |
| Return on Average Equity | 4.36 % |
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