stc to pay SAR 0.4/share dividend for Q4, SAR 1/share special dividend for 2023

19/02/2024 Argaam Exclusive

Saudi telecom major stc will distribute cash dividends of SAR 0.4 per share, or 4% of the capital, for the fourth quarter of 2023.

Cash Dividend (Q4 2023)

Capital 

SAR 50 bln

Number of Shares

5 bln

Total Dividend 

SAR 1.99 bln

Percentage of Capital 

4% (SAR 0.4 per share) 

Record Date 

Feb. 25, 2024 (Shareholders registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the record date)

Payment Date 

March 14, 2024
 

In a separate statement, stc board of directors recommended distributing special cash dividends of SAR 1 per share, or 10% of the capital, for 2023.

 

Special Cash Dividend (2023)

Capital 

SAR 50 bln

Number of Shares

5 bln 

Total Dividend*

SAR 4.98 bln

Percentage of Capital 

10% (SAR 1 per share) 

Record Date 

Shareholders of record at the end of the second trading day following the general assembly meeting date, which will be set later.

Payment Date 

Will be announced later

*The number of shares eligible for dividends is 4.98 billion.

 

Total Dividend (2023) 

Total dividend 

SAR 12.95 bln

Percentage of capital 

26% (SAR 2.6 per share) 
 

The company stated that the total number of treasury shares not eligible for dividends and allocated for the employee incentive program reached 15.49 million by the end of the fourth quarter of 2023.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
19/02/2024 25/02/2024 14/03/2024 1,993.80 0.40
19/02/2024 25/04/2024 15/05/2024 4,984.50 1.00
30/10/2023 05/11/2023 23/11/2023 1,993.80 0.40
30/07/2023 03/08/2023 23/08/2023 1,993.79 0.40
10/05/2023 18/05/2023 07/06/2023 1,992.87 0.40
20/02/2023 26/02/2023 16/03/2023 1,992.87 0.40
27/10/2022 02/11/2022 22/11/2022 1,996.15 0.40
03/08/2022 07/08/2022 25/08/2022 1,997.50 0.40
28/04/2022 11/05/2022 31/05/2022 1,997.10 0.40
21/02/2022 27/02/2022 17/03/2022 1,997.10 0.40
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 5.80 42.40 13.67 %
Last 5 Financial years 9.40 36.60 25.67 %
Last 10 Financial years 18.00 22.20 81.06 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Saudi Telecom Co.
37.90
(0.15) (0.39 %)

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Valuation Data (Latest Share Price)

P/E (TTM) 14.07
P/E Before Unusual Items (TTM) 16.74
P/BV 2.36
Dividend Yield 6.42 %
Market Cap. (M) 189,500.00
Return on Average Assets 9.03 %
Return on Average Equity 17.38 %

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