Al-Jouf Agricultural board OKs 5% dividend for H2 2023

06/03/2024 Argaam Exclusive

Al-Jouf Agricultural Development Co.’s board of directors declared a 5% cash dividend, or SAR 0.50 per share, for the second half of 2023.

 

Dividend Details (H2 2023)

Current capital

SAR 300 mln

Number of shares

30 mln

Total dividend

SAR 15 mln

Percentage of capital

5% (SAR 0.50 per share)

Record date

April 15, 2024 (Shareholders registered with Edaa by the close of the second trading day following the record date)

Payment date

Within 15 working days of the record date

 

Full Year Dividend

Total Dividend

SAR 22.5 mln

Percentage of Capital

7.5% (SAR 0.75 per share)

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
06/03/2024 15/04/2024 30/04/2024 15.00 0.50
17/12/2023 15/01/2024 30/01/2024 7.50 0.25
05/03/2023 16/03/2023 03/05/2023 15.00 0.50
10/08/2022 15/08/2022 25/08/2022 15.00 0.50
24/12/2020 27/01/2021 11/02/2021 7.50 0.25
20/08/2020 27/08/2020 10/09/2020 15.00 0.50
19/03/2020 06/05/2020 21/05/2020 15.00 0.50
30/07/2019 04/08/2019 20/08/2019 15.00 0.50
06/03/2019 10/04/2019 21/04/2019 30.00 1.00
22/03/2018 15/05/2018 31/05/2018 30.00 1.00
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 1.75 36.45 4.80 %
Last 5 Financial years 3.50 21.28 16.45 %
Last 10 Financial years 8.50 41.08 20.69 %
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) 25.32
P/E Before Unusual Items (TTM) 29.63
P/BV 2.18
Dividend Yield 1.53 %
Market Cap. (M) 1,569.00
Return on Average Assets 6.14 %
Return on Average Equity 8.94 %

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