Southern Cement approves 22.5% cash dividend for H1 2020

23/07/2020 Argaam Exclusive

Southern Province Cement Co.’s (SPCC) board of directors approved a 22.5% cash dividend for the first half of 2020, at SAR 2.25 per share, during the general assembly meeting held today, July 23, 2020.

 

Dividend Details (H1 2020)

Current Capital

SAR 1.4 bln

Number of shares

140 mln

Dividend

SAR 315 mln

Percentage of capital

22.5% (SAR 2.5 per share)

Record date

Aug. 9, 2020 (Including registered shareholders at the Securities Depository Center Co. (Edaa) at the end of second trading day following due date)

Payment date

Aug. 23, 2020

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Valuation Data (Latest Share Price)

P/E (TTM) 26.35
P/E Before Unusual Items (TTM) 28.68
P/BV 1.64
Dividend Yield 2.35 %
Market Cap. (M) 5,495.00
Return on Average Assets 5.20 %
Return on Average Equity 6.32 %

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