MEPCO shareholders approve 5% dividend for H2 2022

02/07/2023 Argaam Exclusive

Shareholders of Middle East Paper Co. (MEPCO) approved the board of directors’ proposal for a 5% dividend payout, or SAR 0.50 a share, for H2 2022, during the ordinary general meeting (OGM) held on June 22, according to a filing to Tadawul.

 

Cash Dividend Details (H2 2022)

Current Capital

SAR 666.67 mln

Number of Shares

66.67 mln

Total Dividend

SAR 33.33 mln

Percentage of Capital

5% (SAR 0.5 a share)

Record Date

June 22 (Shareholders registered with Edaa by the close of the second trading day following the OGM date

Payment Date

Within 15 days from the record date
 

The board was also delegated to pay interim dividends on a semiannual or quarterly basis for 2023.

 

MEPCO distributed a SAR 0.5 per share cash dividend for H1 2022, according to Argaam data.

 

In November 2022, the company’s shareholders approved a 33.3% capital hike via bonus shares.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
23/05/2023 22/06/2023 11/07/2023 33.33 0.50
09/10/2022 13/10/2022 25/10/2022 25.00 0.37
17/03/2022 13/06/2022 28/06/2022 50.00 0.75
10/03/2019 11/03/2019 25/03/2019 25.00 0.37
30/10/2018 01/11/2018 14/11/2018 25.00 0.37
04/03/2018 22/04/2018 08/05/2018 37.50 0.56
15/03/2017 23/05/2017 08/06/2017 37.50 0.56
08/05/2016 26/06/2016 24/07/2016 25.00 0.37
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 1.62 10.68 15.22 %
Last 5 Financial years 2.37 14.70 16.16 %
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

Middle East Paper Co.
41.00
(0.05) (0.12 %)

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Valuation Data (Latest Share Price)

P/E (TTM) NEG
P/E Before Unusual Items (TTM) NEG
P/BV 3.31
Dividend Yield -
Market Cap. (M) 3,553.47
Return on Average Assets (4.14 %)
Return on Average Equity (7.12 %)

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