Eastern Cement board declares 6% cash dividend for H1 2023

06/08/2023 Argaam Exclusive

Eastern Province Cement Co.’s board of directors decided today, Aug. 6, to distribute a 6% cash dividend, or SAR 0.6 a share, for H1 2023, according to a statement to Tadawul.

 

Dividend Details (H1 2023)

Current capital

SAR 860 mln

Number of shares

86 mln

Dividend

SAR 51.6 mln

Percentage of capital

6% (SAR 0.6 per share)

Record date

Aug. 20, 2023 (Shareholders registered with Edaa at the end of the second trading day following the record date)

Payment date

Sept. 7, 2023

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
06/08/2023 20/08/2023 07/09/2023 51.60 0.60
20/03/2023 26/03/2023 13/04/2023 86.00 1.00
03/08/2022 14/08/2022 30/08/2022 86.00 1.00
13/03/2022 11/04/2022 26/04/2022 94.60 1.10
02/08/2021 08/08/2021 23/08/2021 120.40 1.40
07/03/2021 11/04/2021 28/04/2021 215.00 2.50
18/03/2020 14/04/2020 27/04/2020 129.00 1.50
19/03/2019 30/04/2019 15/05/2019 64.50 0.75
21/03/2018 08/05/2018 24/05/2018 86.00 1.00
14/02/2017 10/04/2017 27/04/2017 129.00 1.50
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 6.10 41.20 14.81 %
Last 5 Financial years 10.10 20.50 49.27 %
Last 10 Financial years 18.35 60.00 30.58 %
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) 13.95
P/E Before Unusual Items (TTM) 12.83
P/BV 1.23
Dividend Yield 4.20 %
Market Cap. (M) 2,928.30
Return on Average Assets 7.24 %
Return on Average Equity 8.92 %

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