ANB shareholders approve 4% cash dividend for 2020
Arab National Bank's (ANB) shareholders approved the board's recommendation on distributing 4% cash dividend for 2020, at SAR 0.40 per share, during the ordinary general meeting (OGM) held on March 30, 2021, the company said in a bourse statement today, March 31, 2021.
|
Dividend Details |
|
|
Current Capital |
SAR 15 bln |
|
Number of shares |
1.5 bln |
|
Dividend |
SAR 600 mln |
|
Percentage of capital |
4% (SAR 0.40 per share) |
|
Record date |
March 30, 2021 (Shareholders registered in the company’s register at the Securities Depository Center (Edaa) at the end of the second trading day following the maturity date) |
|
Payment date |
April 12, 2021 |
Shareholders also approved delegating the board of directors with the authorization power vested in the OGM under Paragraph 1 of Article 71 of the Companies Law, for one year, starting from the general meeting's approval date or the end date of the authorized board of directors’ term, whichever occurs earlier.
This is in line with the terms cited under the organizational controls and procedures issued in implementation of the Companies Law which deals with publicly listed joint stock companies.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 04/03/2021 | 30/03/2021 | 12/04/2021 | 600.00 | 0.30 | |
| 29/12/2019 | 30/03/2020 | 13/04/2020 | 750.00 | 0.38 | |
| 04/07/2019 | 10/07/2019 | 24/07/2019 | 750.00 | 0.38 | |
| 24/12/2018 | 27/03/2019 | 08/04/2019 | 850.00 | 0.43 | |
| 01/07/2018 | 05/07/2018 | 19/07/2018 | 650.00 | 0.33 | |
| 21/12/2017 | 02/04/2018 | 17/04/2018 | 650.00 | 0.33 | |
| 18/06/2017 | 02/07/2017 | 16/07/2017 | 550.00 | 0.28 | |
| 20/12/2016 | 23/03/2017 | 06/04/2017 | 450.00 | 0.23 | |
| 26/06/2016 | 30/06/2016 | 21/07/2016 | 450.00 | 0.23 | |
| 08/12/2015 | 24/03/2016 | 07/04/2016 | 550.00 | 0.28 |
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 | 1.80 | 12.50 | 14.40 % |
| Last 5 Financial years | 2.85 | 11.79 | 24.17 % |
| Last 10 Financial years | 4.91 | 12.30 | 39.95 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 8.47 |
| P/E Before Unusual Items (TTM) | 8.43 |
| P/BV | 1.09 |
| Dividend Yield | 6.16 % |
| Market Cap. (M) | 44,240.00 |
| Return on Average Assets | 2.00 % |
| Return on Average Equity | 13.35 % |
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