Tawuniya plans 8% cash dividend for 2020

06/04/2021 Argaam Exclusive

The Company for Cooperative Insurance’s (Tawuniya) board of directors recommended, on April 5, 2021, an 8% cash dividend for 2020, at SAR 0.80 per share, amounting to SAR 100 million.

 

Dividend Details (2020)

Current Capital

SAR 1.25 bln

Number of shares

125 mln

Dividend

SAR 100 mln

Percentage of capital

8% (SAR 0.80 per share)

Record date

Shareholders who own the company’s shares at the end of the general assembly meeting and are registered with the Securities Depository Centre (Edaa) at the end of second trading day following the general assembly meeting, date of which will be announced later.

Payment date

To be determined

 

According to data compiled by Argaam, the dividend distribution is the first for the company since 2016.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
06/04/2021 29/04/2021 09/05/2021 100.00 0.67
15/02/2017 21/03/2017 27/03/2017 500.00 3.33
21/02/2016 21/03/2016 24/03/2016 100.00 0.67
11/02/2015 16/03/2015 19/03/2015 145.00 0.97
06/02/2012 12/03/2012 17/03/2012 262.50 1.75
12/02/2011 30/03/2011 06/04/2011 150.00 1.00
01/02/2010 09/03/2010 31/03/2010 200.00 1.33
07/02/2009 10/03/2009 26/03/2009 100.00 0.67
04/02/2008 11/03/2008 09/04/2008 500.00 3.33
06/02/2007 03/03/2007 17/03/2007 500.00 3.33
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 0.67 77.75 0.86 %
Last 5 Financial years 4.00 53.30 7.50 %
Last 10 Financial years 7.38 35.75 20.65 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

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Valuation Data (Latest Share Price)

P/E (TTM) 28.71
P/E Before Unusual Items (TTM) 28.71
P/BV 5.55
Dividend Yield 0.77 %
Market Cap. (M) 21,210.00
Return on Average Assets 4.09 %
Return on Average Equity 21.02 %

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