Sipchem board OKs 7.5% cash dividend for H2 2023

12/12/2023 Argaam Exclusive

The board of Sahara International Petrochemical Co. (Sipchem) declared, on Dec. 11, a 7.5% cash dividend, or SAR 0.75 per share, for the second half of 2023, according to a Tadawul statement.

 

Dividend Details (H2 2023)

Current Capital

SAR 7.33 bln

Number of Shares*

733.33 mln

Total Dividend

SAR 543.84 mln

Percentage of Capital

7.5% (SAR 0.75 per share)

Record Date

Dec. 13, 2023 (Shareholders registered with the Securities Depository Center Co. by the close of the second trading day following the record date)

Payment Date

Dec. 25, 2023

 

Full-Year Dividend

Dividend

SAR 1.45 bln

Percentage of capital

20%

*Number of shares eligible for dividend stands at 725.12 mln 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
12/12/2023 13/12/2023 25/12/2023 543.84 0.75
22/06/2023 06/07/2023 19/07/2023 906.40 1.25
01/12/2022 05/12/2022 15/12/2022 1,087.68 1.50
29/06/2022 06/07/2022 27/07/2022 1,270.89 1.75
15/12/2021 20/12/2021 30/12/2021 1,090.74 1.49
23/06/2021 30/06/2021 14/07/2021 550.00 0.75
15/12/2020 24/12/2020 06/01/2021 366.67 0.50
26/09/2019 02/10/2019 16/10/2019 440.00 0.60
24/12/2018 01/01/2019 15/01/2019 238.33 0.65
26/07/2018 01/08/2018 15/08/2018 183.33 0.50
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 7.49 17.02 43.99 %
Last 5 Financial years 8.59 20.00 42.94 %
Last 10 Financial years 12.09 32.20 37.54 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Sahara International Petrochemical Co.
29.20
(1.10) (3.63 %)

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Valuation Data (Latest Share Price)

P/E (TTM) 24.16
P/E Before Unusual Items (TTM) 29.01
P/BV 1.36
Dividend Yield 5.81 %
Market Cap. (M) 21,413.24
Return on Average Assets 3.87 %
Return on Average Equity 5.54 %

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