ACWA Power shareholders approve 7.7% cash dividend for 2021

03/07/2022 Argaam Exclusive

ACWA Power Co.’s shareholders approved the board's recommendation on the payout of a 7.7% cash dividend, or SAR 0.77 per share, for 2021, during the ordinary general meeting (OGM) held on June 30, according to a bourse filing.

 

Dividend Details (2021)

Current Capital

SAR 7.311 bln

Number of Shares

731.1 mln

Dividend

SAR 562.9 mln

Percentage of Capital (%)

7.7% (SAR 0.77 per share)

Record Date

June 30, 2022 (Shareholders registered with Edaa by the close of the second trading day following the record date)

Payment Date

July 21, 2022

 

They also authorized the board to distribute interim dividends on a semi-annual or quarterly basis for 2022, and set the record and payment dates pursuant to the Companies Law, in line with the company's financial position, cash flows, as well as its expansion and investment plans.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
01/06/2022 30/06/2022 21/07/2022 562.95 0.77
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 N/A N/A N/A
Last 5 Financial years N/A N/A N/A
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

480.20
0.00 0.00 %
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Valuation Data (Latest Share Price)

P/E (TTM) More than 50
P/E Before Unusual Items (TTM) More than 50
P/BV 16.98
Dividend Yield 0.18 %
Market Cap. (M) 351,775.31
Return on Average Assets 3.11 %
Return on Average Equity 8.65 %

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