Southern Cement board recommends 7% dividend for H2 2024

27/03/2025 Argaam Exclusive

Southern Province Cement Co.’s board of directors recommended, on March 26, a 7% cash dividend for the second half of 2024, at SAR 0.7 per share, 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

Shareholders of record and those registered with Edaa for the second trading day following the record date

Payment Date

Later

 

Cash Dividends (2024)

Total Dividends

SAR 168 mln

Percentage of Capital

12% (SAR 1.2 per share)

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
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 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 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 18.56
P/E Before Unusual Items (TTM) 19.04
P/BV 1.08
Dividend Yield 3.48 %
Market Cap. (M) 3,595.20
Return on Average Assets 4.28 %
Return on Average Equity 5.87 %

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