NCLE shareholders to vote on 16.5% cash dividend for FY 2022/23 on Dec. 27

06/12/2023 Argaam Exclusive

National Company for Learning and Education (NCLE) shareholders will vote on the board’s proposal to pay a cash dividend at 16.5% of capital, or SAR 1.65 per share, for the fiscal year ended Aug. 31, 2023, during the ordinary general meeting (OGM) slated for Dec. 27, as detailed in the following table:

 

Dividend Details (FY 2022/23)

Current Capital

SAR 430 mln

No. of Shares

43 mln

Total Dividend

SAR 70.95 mln

Percentage of Capital

16.5% (SAR 1.65 a share)

Record Date

Dec. 27 (Shareholders registered with Edaa on the second trading day following the record date)

Payment Date

Later

 

In a statement to Tadawul, the company pointed out that shareholders will also vote on authorizing the board of directors to distribute interim dividends semi-annually or quarterly basis the fiscal year 2023/2024.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
26/11/2023 27/12/2023 07/01/2024 70.95 1.65
16/11/2022 28/12/2022 08/01/2023 51.60 1.20
18/11/2021 09/01/2022 20/01/2022 34.40 0.80
22/11/2020 13/01/2021 24/01/2021 34.40 0.80
06/11/2019 25/12/2019 14/01/2020 34.40 0.80
29/11/2018 20/02/2019 07/03/2019 17.20 0.57
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 3.65 51.00 7.16 %
Last 5 Financial years 5.25 22.18 23.67 %
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

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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 9.99
Dividend Yield 1.40 %
Market Cap. (M) 6,991.80
Return on Average Assets 9.79 %
Return on Average Equity 16.77 %

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