City Cement’s board decides to distribute 4% cash dividend for H2 2023

14/02/2024 Argaam Exclusive

City Cement Co.’s board of directors decided today, Feb. 14, to distribute from the retained earnings balance a cash dividend at 4% of capital, or SAR 0.40 a share, for H2 2023, according to a statement to Tadawul.

 

Dividend Details (H2 2023)

Current Capital   

SAR 1.40 bln

Number of Shares

140 mln

Total Dividends

SAR 56 mln

Percentage of Capital

4% (SAR 0.40/share)

Record Date

Feb. 19, 2024 (Shareholders registered with Edaa at the end of the second trading day following the record date)

Payment Date

March 4, 2024

 

Dividend Details (2023)

Total Dividends

SAR 112 mln

Percentage of Capital

8% (SAR 0.80/share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
14/02/2024 19/02/2024 04/03/2024 56.00 0.40
14/08/2023 17/08/2023 05/09/2023 56.00 0.40
19/03/2023 21/03/2023 04/04/2023 70.00 0.50
08/09/2022 12/09/2022 26/09/2022 56.00 0.40
10/03/2022 17/03/2022 30/03/2022 70.00 0.50
12/08/2021 19/08/2021 02/09/2021 105.00 0.75
28/02/2021 07/03/2021 21/03/2021 70.00 0.50
08/11/2020 11/11/2020 25/11/2020 140.00 1.00
03/03/2019 04/04/2019 16/04/2019 75.68 0.54
28/03/2018 03/05/2018 17/05/2018 75.68 0.54
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 2.95 24.90 11.85 %
Last 5 Financial years 4.45 9.19 48.42 %
Last 10 Financial years 9.92 23.45 42.32 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

20.58
0.50 2.49 %
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Valuation Data (Latest Share Price)

P/E (TTM) 30.01
P/E Before Unusual Items (TTM) 30.01
P/BV 1.64
Dividend Yield 3.86 %
Market Cap. (M) 2,881.20
Return on Average Assets 5.02 %
Return on Average Equity 5.43 %

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