AI Summary
Al-Etihad Cooperative Insurance Co.’s board of directors recommended, on April 14, the payment of a cash dividend at 6% of capital, or SAR 0.6 a share, for 2023, according to a statement to Tadawul.
|
Dividend Details (2023) |
|
|
Current Capital |
SAR 450 mln |
|
Number of Shares |
45 mln |
|
Total Dividends |
SAR 27 mln |
|
Percentage of Capital |
6% (SAR 0.6 a share) |
|
Record Date |
Shareholders of record on the second trading day following the general meeting |
|
Payment Date |
To be determined later |
The Saudi insurer obtained the go-ahead of the Insurance Authority (IA) for the dividend payment, which is the first since its debut on Tadawul in 2007.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 15/04/2024 | 29/05/2024 | 10/06/2024 | 27.00 | 0.54 |
| 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 | 0.54 | 19.50 | 2.77 % |
| Last 5 Financial years | 0.54 | 13.81 | 3.91 % |
| Last 10 Financial years | 0.54 | 13.66 | 3.95 % |
| P/E (TTM) | 19.92 |
| P/E Before Unusual Items (TTM) | 9.95 |
| P/BV | 0.98 |
| Dividend Yield | 3.45 % |
| Market Cap. (M) | 688.50 |
| Return on Average Assets | 2.09 % |
| Return on Average Equity | 5.02 % |
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