Taiba board proposes 6.5% cash dividend for 2023

27/03/2024 Argaam Exclusive

Taiba Investments Co.’s board of directors, in its meeting held on March 26, recommended the payment of a cash dividend at 6.5%, or SAR 0.65 a share, for 2023, according to a statement to Tadawul.

 

Dividends Details

Current Capital

SAR 2.6 bln

Number of Shares

260.46 mln

Total Dividends

SAR 169.30 mln

Percentage of Capital

6.5% (SAR 0.65 a share)

Record Date

Shareholders of record and those registered with Edaa on the second trading day following the general assembly’s meeting 

Payment Date

To be determined later

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
27/03/2024 20/05/2024 - 169.30 0.65
15/11/2021 21/11/2021 05/12/2021 641.83 4.00
17/12/2020 29/03/2021 15/04/2021 80.23 0.50
16/07/2020 06/08/2020 20/08/2020 80.23 0.50
27/02/2020 25/03/2020 09/04/2020 72.21 0.45
13/11/2019 13/11/2019 28/11/2019 72.21 0.45
04/08/2019 06/08/2019 26/08/2019 72.21 0.45
12/06/2019 16/06/2019 30/06/2019 72.21 0.48
07/03/2019 09/04/2019 18/04/2019 75.00 0.50
05/11/2018 07/11/2018 15/11/2018 75.00 0.50
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 4.65 30.10 15.45 %
Last 5 Financial years 7.45 30.30 24.59 %
Last 10 Financial years 17.55 39.70 44.21 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

41.50
(1.30) (3.04 %)
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Valuation Data (Latest Share Price)

P/E (TTM) More than 50
P/E Before Unusual Items (TTM) 36.27
P/BV 1.59
Dividend Yield 2.43 %
Market Cap. (M) 10,809.09
Return on Average Assets 2.24 %
Return on Average Equity 2.99 %

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