‎Southern Cement shareholders to vote on 6.5% cash dividends for H2 2023 on May 20

18/04/2024
Argaam Exclusive

Southern Province Cement Co.’s shareholders will vote on the board’s recommendation to distribute cash dividends at 6.5% of capital, or SAR 0.65 per share, for the second half of 2023, during an ordinary general meeting to be held on May 20, the company said in a statement to Tadawul.

Dividend Details (H2 2023)

Current Capital

SAR 1.4 billion

Number of Shares

140 mln

Total Dividend  

SAR 91 mln

Percentage of Capital

6.5% (SAR 0.65 per share)

Record Date

May 20, 2024 (Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day following the record date)

Payment Date

To be announced later

Full-Year Dividend (2023)

Total Dividend

SAR 140 mln

Percentage of Capital

10% (SAR 1 per share)

Shareholders will also vote on authorizing the board of directors to distribute interim dividends quarterly or semi-annually for 2024.

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

4.75

83.70

5.68 %

Last 5 Financial years

13.00

37.15

34.99 %

Last 10 Financial years

32.25

110.50

29.19 %

Based on the beginning of the period (January 1 of the base year)

Valuation Data (Latest Share Price)

P/E (TTM)
29.23

P/E Before Unusual Items (TTM)

32.00

P/BV
1.74

Dividend Yield
2.35 %

Market Cap. (M)

5,712.00

Return on Average Assets
4.91 %

Return on Average Equity
6.02 %

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