ARDCO plans 5% dividend for H2 2019

12/03/2020 Argaam Exclusive

Arriyadh Development Co.’s (ARDCO) board of directors recommended a 5% cash dividend for the second half of 2019, at SAR 0.50 per share, amounting to SAR 88.88 million.

Dividend Details (H2 2019)

Current Capital

SAR 1.777 bln

Number of shares

177.78 mln

Dividend

SAR 88.88 mln

Percentage of capital

5% (SAR 0.50 per share)

Record date

The second day following the general assembly meeting

Payment date

To be determined

Dividend Details (FY 2019)

Dividend

SAR 159.99 mln

Percentage of capital

9% (SAR 0.90 per share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
12/03/2020 19/04/2020 06/05/2020 88.89 0.50
17/07/2019 09/09/2019 24/09/2019 71.11 0.40
24/02/2019 02/05/2019 23/05/2019 106.67 0.60
15/07/2018 29/07/2018 13/08/2018 66.67 0.38
04/03/2018 16/04/2018 01/05/2018 106.67 0.60
12/07/2017 10/08/2017 24/08/2017 66.67 0.38
15/01/2017 05/04/2017 20/04/2017 106.67 0.60
31/07/2016 11/08/2016 28/08/2016 66.67 0.38
17/01/2016 28/04/2016 25/05/2016 173.33 0.97
15/01/2015 23/04/2015 21/05/2015 133.33 0.75
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 2.85 17.15 16.62 %
Last 5 Financial years 4.80 15.24 31.50 %
Last 10 Financial years 8.59 6.72 127.79 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Arriyadh Development Co.
22.76
(0.26) (1.13 %)

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Valuation Data (Latest Share Price)

P/E (TTM) 13.07
P/E Before Unusual Items (TTM) 12.70
P/BV 1.65
Dividend Yield 3.55 %
Market Cap. (M) 4,046.27
Return on Average Assets 11.28 %
Return on Average Equity 13.23 %

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