Southern Cement EGM to vote on 7% dividend for H2 2024 on June 18
Southern Province Cement Co.’s shareholders are set to vote on a board of directors’ recommendation of a 7% cash dividend for the second half of 2024, at SAR 0.7 per share, during the extraordinary general meeting (EGM) slated for June 18, the company said in a statement to Tadawul.
| Dividend Details (H2 2024) | |
| Current Capital | SAR 1.4 bln | 
| Number of Shares | 140 mln | 
| Nominal Value | SAR 10 | 
| Total Dividends | SAR 98 mln | 
| Percentage of Capital | 7% (SAR 0.7 a share) | 
| Record Date | June 18, 2025, including shareholders registered with Edaa for the second trading day following the record date | 
| Payment Date | July 1, 2025 | 
Meanwhile, shareholders will vote on authorizing the board of directors to distribute interim dividends for 2025 on a semiannual or quarterly basis.
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 | 
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 % | 
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Valuation Data (Latest Share Price)
| P/E (TTM) | 18.07 | 
| P/E Before Unusual Items (TTM) | 18.53 | 
| P/BV | 1.06 | 
| Dividend Yield | 3.48 % | 
| Market Cap. (M) | 3,500.00 | 
| Return on Average Assets | 4.28 % | 
| Return on Average Equity | 5.87 % | 
 
                                            
                                            
                                            
                                            
                                             
                
             
        
     
                 
                
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