Yamama Cement EGM to vote on 10% cash dividend for 2023 on March 25

27/02/2024 Argaam Exclusive

Shareholders of Yamama Cement Co. are set to vote on the board’s proposal to distribute a 10% cash dividend, or SAR 1 per share, for 2023, during an extraordinary general meeting (EGM) scheduled for March 25, as follows:

Dividend Details (2023)

Current Capital

SAR 2.02 bln

Number of Shares

202.5 mln

Total Dividends

SAR 202.5 mln

Percentage of Capital

10% (SAR 1 per share)

Record Date

March 25, 2024 (Shareholders of record and those registered with Edaa at the end of the second trading day following record date)

Payment Date

To be determined later

Shareholders will also vote to elect board members for the forthcoming term, running from March 29, 2024, to March 28, 2028, according to a Tadawul statement today, Feb. 27.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
12/02/2024 25/03/2024 21/04/2024 202.50 1.00
15/02/2023 20/03/2023 09/04/2023 202.50 1.00
11/02/2020 06/04/2020 20/04/2020 101.25 0.50
19/01/2017 27/02/2017 19/03/2017 50.63 0.25
21/07/2016 15/08/2016 25/09/2016 50.63 0.25
21/04/2016 28/04/2016 22/05/2016 101.25 0.50
26/01/2016 29/02/2016 14/03/2016 151.88 0.75
20/10/2015 30/11/2015 17/12/2015 151.88 0.75
09/07/2015 30/07/2015 17/08/2015 151.88 0.75
15/04/2015 31/05/2015 22/06/2015 151.88 0.75
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 2.00 28.45 7.03 %
Last 5 Financial years 2.50 12.80 19.53 %
Last 10 Financial years 9.50 57.50 16.52 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

32.80
(0.50) (1.50 %)
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Valuation Data (Latest Share Price)

P/E (TTM) 21.64
P/E Before Unusual Items (TTM) 26.65
P/BV 1.43
Dividend Yield 2.93 %
Market Cap. (M) 6,642.00
Return on Average Assets 4.68 %
Return on Average Equity 6.67 %

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