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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