Saudi Paper board proposes 10% bonus issue, 5% dividend for Q3 2023

29/11/2023 Argaam Exclusive

Saudi Paper Manufacturing Co.’s (Saudi Paper) board of directors recommended today, Nov. 29, a 5% cash dividend (SAR 0.5 per share) for Q3 2023.

 

The board also proposed a 10% capital hike via bonus shares, the company said in a Tadawul statement.

 

Dividend Details (Q3 2023)

Current Capital

SAR 337.0 mln

Number of Shares

33.70 mln

Total Dividend

SAR 16.85 mln

Percentage of Capital

5% (SAR 0.5 a share)

Record Date

Shareholders of record and those registered with the Securities Depository Center (Edaa) on the second trading day following the general assembly’s meeting date

Payment Date

Later
 

Capital Increase Highlights

Current Capital

SAR 337.0 mln

Number of Shares

33.70 mln

Percentage Increase

10% (1 bonus share per each 10 shares held)

New Capital After Increase

SAR 370.70 mln

New Number of Shares

37.07 mln

Eligibility

Shareholders of record and those registered with Edaa by the close of the second trading day following the record date, to be announced later

Reason

Part of the company’s goals for strengthening its capital base, future growth, and shareholder returns

Method

Capitalizing SAR 33.7 mln from retained earnings
 

Fractional shares, if any, will be collected into a single portfolio to be sold at market price within 30 days maximum, on a pro-rata basis, from the date of determining the allocation of new shares for each shareholder.

 

The bonus issue is subject to the approval of competent authorities as well as the company’s extraordinary general assembly (EGM), Saudi Paper added.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
29/11/2023 25/04/2024 09/05/2024 16.85 0.45
23/12/2012 26/03/2013 13/04/2013 56.25 1.93
20/12/2011 02/04/2012 16/04/2012 52.50 1.81
15/12/2010 26/03/2011 10/04/2011 45.00 1.55
23/02/2010 06/04/2010 01/05/2010 37.50 1.29
27/12/2008 02/04/2009 20/04/2009 30.00 1.03
01/03/2008 12/04/2008 23/04/2008 18.00 0.62
26/02/2007 21/04/2007 10/05/2007 12.00 0.41
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 37.30 N/A
Last 5 Financial years N/A 11.64 N/A
Last 10 Financial years N/A 42.84 N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Saudi Paper Manufacturing Co.
73.00
(1.90) (2.54 %)

Most Read

ajax loading

Valuation Data (Latest Share Price)

P/E (TTM) 26.89
P/E Before Unusual Items (TTM) 26.03
P/BV 5.32
Dividend Yield -
Market Cap. (M) 2,706.11
Return on Average Assets 9.46 %
Return on Average Equity 21.91 %

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.