09/07/2024
Argaam Exclusive
Saudi Economic and Development Securities Co. (SEDCO Capital) announced the distribution of cash dividends to unitholders of SEDCO Capital REIT Fund at 1.25% of capital (SAR 0.125 per unit) for the period from April 1, 2024 till June 30, 2024, according to a statement to Tadawul.
Dividend Details (Q2 2024)
Current Capital
SAR 1.86 bln
Number of Units
186.94 mln
Total Dividend
SAR 23.37 mln
Percentage of Capital
1.25% (SAR 0.125 per unit)
Record Date
July 11, 2024 (Unitholders of record by the end of July 15, 2024)
Payment Date
August 22, 2024
Total Dividends
Total Dividends
SAR 46.74 mln
Percentage of Capital
2.5% (SAR 0.25 a unit)
In a filing to Tadawul, the company added that the dividend payout ratio is 1.44% of the net asset value (NAV) as of Dec. 31, 2023. This translates into 5% on an annualized basis.
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
1.55
9.37
16.59 %
Last 5 Financial years
2.77
8.01
34.58 %
Last 10 Financial years
N/A
N/A
N/A
Based on the beginning of the period (January 1 of the base year)
Valuation Data (Latest Share Price)
P/E (TTM)
41.94
P/E Before Unusual Items (TTM)
–
P/BV
0.92
Dividend Yield
5.73 %
Market Cap. (M)
1,407.69
Return on Average Assets
1.59 %
Return on Average Equity
2.65 %
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