stc board approves 4% cash dividend for Q4 2022

20/02/2023 Argaam Exclusive

stc's board of directors declared a 4% cash dividend, or SAR 0.40 per share, for the fourth quarter of 2022, the telecom operator said in a Tadawul statement.

 

Dividend Details (Q4 2022)

Current capital

SAR 50 bln

Number of shares*

5 bln

Dividend

SAR 1.99 bln

Percentage of capital

4% (SAR 0.40 per share)

Record date

Feb. 26, 2023, including shareholders registered with Edaa by the close of the second trading day following the record date.

Payment date

March 16, 2023

Dividend Details (2022)

Total dividend**

SAR 7.98 bln
*A total of 4.98 bln shares are eligible for the dividend

** stc’s capital was raised to SAR 50 bln in August 2022

 

The total number of treasury shares ineligible for dividends, which are related to the employee stock incentives plan, stood at 17.82 million shares at the end of the fourth quarter of 2022.

 

The distribution comes in line with the three-year dividend policy adopted by stc since Q4 2021, which was approved by the extraordinary general meeting (EGM) held on Nov. 30, 2021. The policy was amended on Aug. 30, 2022, to stand at SAR 0.40 per share on a quarterly basis.

 

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
20/02/2023 26/02/2023 16/03/2023 1,992.87 0.40
27/10/2022 02/11/2022 22/11/2022 1,996.15 0.40
03/08/2022 07/08/2022 25/08/2022 1,997.50 0.40
28/04/2022 11/05/2022 31/05/2022 1,997.10 0.40
21/02/2022 27/02/2022 17/03/2022 1,997.10 0.40
21/10/2021 28/10/2021 18/11/2021 1,997.00 0.40
02/08/2021 05/08/2021 26/08/2021 2,000.00 0.40
22/04/2021 04/05/2021 31/05/2021 2,000.00 0.40
21/01/2021 26/04/2021 24/05/2021 4,000.00 0.80
21/10/2020 28/10/2020 18/11/2020 2,000.00 0.40
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 5.20 40.32 12.89 %
Last 5 Financial years 9.20 27.27 33.72 %
Last 10 Financial years 16.30 17.36 93.87 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Saudi Telecom Co.
38.00
0.10 0.26 %

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Valuation Data (Latest Share Price)

P/E (TTM) 14.10
P/E Before Unusual Items (TTM) 16.78
P/BV 2.36
Dividend Yield 6.42 %
Market Cap. (M) 190,000.00
Return on Average Assets 9.03 %
Return on Average Equity 17.38 %

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