RIYADH: Saudi Dairy and Foodstuff Co.’s, or SADAFCO, board has recommended cash dividends at SR3 ($0.8) per share for the first half of the fiscal year ended Mar. 31, 2022. A total of SR96 million will go towards dividend payouts, with around 32 million eligible shares, the company announced in a bourse filing on Tuesday. This would bring the trailing-twelve-months dividend yield to 3.65 percent, based on a share price of SR165. Entitled shareholders are to receive the payment on Jan. 25, 2022. SADAFCO’s payout hasn’t changed from the same period a year earlier. The annual dividend per share last year amounted to SR6 per share. In 2021, the company’s share price saw very minor fluctuations, exiting the year around 6 percent lower. The stock remained flat today, closing at SR165. Jeddah-based SADAFCO operates sales and distribution depots in 24 locations across Saudi Arabia, Bahrain, Qatar, Jordan, and Kuwait. Its products are also exported to several countries in the MENA region.