Saudi Cement shareholders approve 17.5% cash dividend for H2 2022

16/04/2023 Argaam Exclusive

 

Saudi Cement Co.’s shareholders approved the board’s recommendation to distribute cash dividends at SAR 1.75 a share, or 17.5% of capital for H2 2022, during the ordinary general meeting (OGM) held on April 13, according to a statement to Tadawul.

 

Cash Dividends (H2 2022)

Current Capital

SAR 1.53 bln

No. of Shares

153 mln

Total Dividends

SAR 267.75 mln

Percentage of Capital

17.5% (SAR 1.75 a share)

Record Date

April 13, 2023 (Shareholders registered with Edaa on the second trading day following the record date)

Payment Date

May 7, 2023

 

Total Dividends 2022

Percentage of Capital

32.5% of capital (SAR 3.25 a share)

Total Dividends

SAR497.25  mln
 

Shareholders also authorized the board to distribute interim cash dividends for 2023 on a semi-annual or a quarterly basis, the statement added.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
01/02/2023 13/04/2023 07/05/2023 267.75 1.75
02/06/2022 05/06/2022 15/06/2022 229.50 1.50
01/02/2022 10/04/2022 20/04/2022 306.00 2.00
02/06/2021 06/06/2021 16/06/2021 229.50 1.50
03/02/2021 07/04/2021 19/04/2021 306.00 2.00
10/06/2020 15/06/2020 25/06/2020 229.50 1.50
06/02/2020 21/04/2020 05/05/2020 306.00 2.00
29/05/2019 12/06/2019 02/07/2019 229.50 1.50
06/02/2019 16/04/2019 01/05/2019 267.75 1.75
28/05/2018 05/06/2018 02/07/2018 229.50 1.50
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 10.25 69.90 14.66 %
Last 5 Financial years 17.00 47.67 35.66 %
Last 10 Financial years 45.50 96.25 47.27 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Saudi Cement Co.
44.85
0.10 0.22 %

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Valuation Data (Latest Share Price)

P/E (TTM) 18.50
P/E Before Unusual Items (TTM) 18.50
P/BV 3.02
Dividend Yield 4.75 %
Market Cap. (M) 6,862.05
Return on Average Assets 11.33 %
Return on Average Equity 15.82 %

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