SPIMACO shareholders to vote on 5% dividend for FY 2019 on May 14

23/04/2020 Argaam Exclusive

Saudi Pharmaceutical Industries and Medical Appliances Corp.’s (SPIMACO) shareholders are set to vote on a 5% cash dividend, or SAR 0.50 per share, for the fiscal year 2019 during the ordinary general meeting (OGM) scheduled for May 14, 2020, according to a bourse filing on Thursday.

 

Shareholders will also vote on authorizing the board of directors to distribute interim dividends on semi-annual or quarterly basis for FY 2020.

Dividend Details (FY 2019)

Current Capital

SAR 1.2 bln

Number of shares

120 mln

Dividend

SAR 60 mln

Percentage of capital

5% (SAR 0.50 per share)

Record date

After the general meeting  

Payment date

To be determined

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Valuation Data (Latest Share Price)

P/E (TTM) NEG
P/E Before Unusual Items (TTM) NEG
P/BV 2.90
Dividend Yield -
Market Cap. (M) 4,488.00
Return on Average Assets (0.79 %)
Return on Average Equity (2.07 %)

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