Savola shareholders approve 6.6% cash dividend for 2022
Savola Group’s shareholders approved a 6.6% dividend payout, or SAR 0.66 per share, for 2022, during the extraordinary general assembly meeting (EGM) held on May 10, the group said in a statement to Tadawul.
|
Dividend Details (2022) |
|
|
Current Capital |
SAR 5.33 bln |
|
Number of Shares |
533.98 mln |
|
Total Dividend |
SAR 352.4 mln |
|
Percentage of Capital |
6.6% (SAR 0.66 per share) |
|
Record Date |
Shareholders of record on May 10, 2023 and registered with Edaa by the close of the second trading day following the EGM |
|
Payment Date |
May 31, 2023 |
Shareholders also approved all the other items on the meeting’s agenda, including related-party business.
Meanwhile, they ratified the repurchase of 2.5 million Savola shares to be allocated for the Employees Long Term Incentive Program (LTIP). The repurchase will be financed from the company’s own resources.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 27/03/2023 | 10/05/2023 | 31/05/2023 | 352.40 | 1.46 | |
| 01/02/2022 | 16/05/2022 | 06/06/2022 | 106.80 | 0.44 | |
| 27/01/2021 | 28/04/2021 | 24/05/2021 | 400.49 | 1.66 | |
| 29/01/2020 | 29/04/2020 | 20/05/2020 | 160.20 | 0.66 | |
| 08/02/2018 | 27/05/2018 | 10/06/2018 | 533.98 | 2.22 | |
| 20/10/2016 | 23/10/2016 | 06/11/2016 | 133.50 | 0.55 | |
| 28/07/2016 | 31/07/2016 | 15/08/2016 | 133.50 | 0.55 | |
| 20/04/2016 | 21/04/2016 | 05/05/2016 | 133.50 | 0.55 | |
| 20/01/2016 | 19/04/2016 | 04/05/2016 | 266.99 | 1.11 | |
| 19/10/2015 | 22/10/2015 | 05/11/2015 | 266.99 | 1.11 |
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 | 1.90 | 25.89 | 7.36 % |
| Last 5 Financial years | 4.23 | 16.84 | 25.13 % |
| Last 10 Financial years | 17.52 | 39.27 | 44.62 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 9.24 |
| P/E Before Unusual Items (TTM) | 14.21 |
| P/BV | 1.47 |
| Dividend Yield | 7.77 % |
| Market Cap. (M) | 8,082.01 |
| Return on Average Assets | 4.18 % |
| Return on Average Equity | 17.25 % |
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