Budget Saudi approves 5% cash dividend for H2 2019

16/06/2020 Argaam Exclusive

United International Transportation Company Ltd.'s (Budget Saudi) shareholders approved the board's recommendation on paying cash dividend at 5% of capital, or SAR 0.50 a share, for H2 2019, the company said in a bourse statement.

 

This came during the company's ordinary general meeting (OGM) held yesterday, Monday, June 15, 2020.

Dividend Details (H2 2019)

Current Capital

SAR 711.67 mln

Number of shares

71.17 mln

Dividend

SAR 35.58 bln

Percentage of capital

5% (SAR 0.50 per share)

Record date

June 15, 2020

Payment date

To be determined

Dividend for FY 2019

Total dividend

SAR 71.17 mln

Percentage of capital

10% (SAR 1 per share)

During the meeting, the board was authorized to pay interim dividend for 2020 on a quarterly and semiannual basis.

 

Shareholders appointed an external auditor for FY2020, and approved other items on the meeting’s agenda.

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Valuation Data (Latest Share Price)

P/E (TTM) 20.15
P/E Before Unusual Items (TTM) 20.15
P/BV 2.84
Dividend Yield 1.90 %
Market Cap. (M) 5,593.96
Return on Average Assets 9.76 %
Return on Average Equity 14.74 %

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