*Talal Al-Sayah from Riyadh
The value of cash dividends to petrochemical companies listed on the Saudi stock market "TASI" was 253.192 billion riyals in 24 years.
According to the monitoring unit of the reports in the newspaper "AlEqtisadiah" that was based on data "Tadawul" and the financial statements of companies, the average annual growth of cash dividends for the sector during this period was 18.7%.
The number of companies in the sector is 14 companies that include "Chemanol", "Petrochem", "SABIC", "SAFCO", "Tasnee", "Alujain", "Namaa", "The Group", "Sahara", "Yansab", "Sipchem", "Advanced Petrochemical Company", "Kayan" and "Petro Rabigh."
In the 24 years, 2013 was the highest year in terms of value of distributions by about 23.413 billion riyals, while 1999 was the lowest year of 588 million riyals.
The value of cash dividends for 2018 was 471 per cent higher than in 1995, with distributions of 2018 to about 18.565 billion riyals and distributions in 1995 about 3.250 billion riyals.
With regard to the annual dividend yield of the sector, the average return during 12 years from 2007 to 2018, according to the data available to it, about 4.0 per cent.
The average return on distributed companies was about 4.7 per cent.
In 2013, the highest cash dividend in value in 24 years was SR 23.413 billion with a return of 4.7 per cent, as the number of companies that distributed nine companies with a market value of 494.018 billion riyals.
The dividend yield on the market value of the sector is 4.2 per cent.
Second, 2014 came with a cash dividend of 23.401 billion riyals with a return of 6.2 percent to nine companies with a market value of 376.494 billion riyals, while the dividend yield on the market value of the entire sector was around 5.5 per cent.
Thirdly, 2012 came with a distribution of 21.853 billion riyals and a return of 5.9 per cent for eight companies with a market value of 367.577 billion riyals, while the dividend yield on the sector amounted to about 5.0%.
Fourth, 2015 dividends were 21.056 billion riyals and a return of 6.9 per cent for six companies with a market value of 304.88 billion riyals, while the dividend yield on the market value of the entire sector was about 6.1 per cent.
The year 2011 came in fifth with distributions worth 20.277 billion riyals with a return of 5.4 per cent to six companies with market value by the end of the year 375.254 billion riyals.
The dividend yield on the market value of the entire sector was 4.3 percent.
The year 2018 ranked sixth with cash dividends worth 18.565 billion riyals and a return of 4.1 per cent to eight companies with a market value of 455.145 billion riyals, while the dividend yield to the market value of the entire sector was 3.6 per cent.
Seventh, the 2017 had resolution at 17.233 billion riyals with a return of 4.3 percent for nine companies distributed with a market value of 400.294 billion riyals, while the dividend yield on the market value of the entire sector was about 3.8 per cent.
The year 2016 came in eighth with cash dividends of 16.104 billion riyals and a return of 4.3 percent for eight companies with a market value of 371.536 billion riyals.
The dividend yield on the sector's market capitalization at the end of the year was 3.9 percent.
2020 came in 10th place with a dividend of 14.479 billion riyals and a return of 3.8 per cent for five companies distributed at a market value of 385.81 billion riyals, while the dividend yield on the market value of the entire sector was 2.9 percent.
In the year 2008, the distribution was 13.044 billion riyals with a dividend of 6.9 per cent to four companies with a market value of 188.116 billion riyals, while the dividend yield for the sector as a whole was about 5.5%.
In the 11th place, 2006 came with a distribution of 11.558 billion riyals to four companies distributed, followed by 2005 in the 12th rank with cash dividends 10.040 billion riyals and the number of three companies distributed.
While in the 13th ranking, 2007 was distributed by 9.408 billion riyals, a return of 1.6 per cent to six companies with a market value of 580.96 billion riyals, while the cash dividend for the entire sector was 1.4 per cent.
The year 2009, it was ranked 14th with SR 8.545 billion and a return of 2.7 per cent for six companies with a market capitalization of 311.953 billion riyals, while the dividend yield for the sector was 2.1%.
In the 15th rank came the year 2004 distributions of 5.250 billion riyals to about four companies,
Followed by 16th in 2003 with 4,059 billion riyals to four companies.
The year 1995 came in the 17th rank with dividends of 3.250 billion riyals to two companies, followed by the year 1996 with distributions of 2.909 billion riyals to about three companies and then the year 1997 with distributions of 2.709 billion riyals to three companies.
In the 20 and 21 positions, 2002 came with dividends of 1.660 billion riyals to two companies and in 2000 with allocations of 1.526 billion riyals to three companies.
The year 1998 was ranked 22nd with SR 1.165 billion for two companies, followed by 2001 with distributions f 1.10 billion riyals to two companies.
The latest in the 24th ranking in 1999 that worth 588 million riyals to three companies.
* Reports Unit in Economic
