AI Summary
United Wire Factories Co.’s (Aslak) board of directors recommended a 10% cash dividend for the second half of 2019 and the first half of 2020, at SAR 1 per share, the company said in a bourse statement.
In July, the company’s shareholders approved a 20% capital cut to SAR 351 million from SAR 438.75 million on having a capital surplus, Argaam reported.
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Dividend Details (H2 2019) |
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Current Capital |
SAR 351 mln |
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Number of shares |
35.1 mln |
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Dividend |
SAR 14.96 mln, representing the balance of retained earnings |
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Percentage of capital |
4.26% (equivalent to SAR 0.426 per share) |
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Dividend Details (H1 2020) |
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Dividend |
SAR 20.14 mln |
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Percentage of capital |
5.74% (equivalent to SAR 0.574 per share) |
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Total Dividend |
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Dividend |
SAR 35.10 mln |
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Percentage of capital |
10% (equivalent to SAR 1 per share) |
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Record date |
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Payment date |
Oct. 8, 2020 |
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| P/E (TTM) | More than 100 |
| P/E Before Unusual Items (TTM) | More than 100 |
| P/BV | 1.68 |
| Dividend Yield | 3.83 % |
| Market Cap. (M) | 625.62 |
| Return on Average Assets | 1.19 % |
| Return on Average Equity | 1.56 % |
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