Al Othaim board declares SAR 0.30/shr dividend for H2 2023

07/02/2024 Argaam Exclusive

Abdullah Al Othaim Markets Co.’s board of directors declared, on Feb. 6, a 30% cash dividend (SAR 0.30 per share) for H2 2023, amounting to SAR 270 million, the company said in a statement to Tadawul.

 

Dividend Details (H2 2023)

Current capital

SAR 900 mln

Par value

SAR 1

Number of shares

900 mln

Dividend

SAR 270 mln

Percentage of capital

30% (SAR 0.30 per share)

Record date

Feb. 20, 2024 (Shareholders registered with Edaa at the end of the second trading day following the record date)

Payment date

March 7, 2024

 

Dividend Details (2023)

Total Dividend

SAR 540 mln

Percentage of Capital

60% (SAR 0.60 a share)

 

The dividend policy approved by the board on Jan. 16, 2024, applies to quarterly dividends for financial periods starting from Q1 2024, the statement noted.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
07/02/2024 20/02/2024 07/03/2024 270.00 0.30
10/08/2023 24/08/2023 06/09/2023 270.00 0.30
12/02/2023 16/02/2023 02/03/2023 247.50 0.28
16/11/2022 20/11/2022 01/12/2022 675.00 0.75
18/08/2022 31/08/2022 15/09/2022 180.00 0.20
15/02/2022 20/03/2022 30/03/2022 180.00 0.20
29/08/2021 09/09/2021 22/09/2021 180.00 0.20
14/03/2021 25/03/2021 01/04/2021 270.00 0.30
23/08/2020 03/09/2020 10/09/2020 270.00 0.30
18/03/2020 02/04/2020 12/04/2020 135.00 0.15
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 2.23 12.34 18.03 %
Last 5 Financial years 3.13 7.00 44.64 %
Last 10 Financial years 3.96 3.09 128.07 %
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) 23.35
P/E Before Unusual Items (TTM) 29.66
P/BV 9.50
Dividend Yield 4.55 %
Market Cap. (M) 11,376.00
Return on Average Assets 7.80 %
Return on Average Equity 39.46 %

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