ACWA Power Company invests in, develops, constructs, and operates power generation, green hydrogen, and desalinated water plants worldwide. It operates through Thermal and Water Desalination; Renewables; and Others segments. The company also engages in the leasing, installation, operation and maintenance, and contracting of electricity generation, water desalination, and steam plants; and distribution of electricity, desalinated water, and steam, as well as other related or auxiliary business activities. It generates power through a range of fossil fuel and renewable sources, such as oil, coal, gas, solar, hydrogen, and wind. The company operates 67 power generation and water desalination projects in Bahrain, the United Arab Emirates, Azerbaijan, the Kingdom of Saudi Arabia, Oman, Jordan, Egypt, South Africa, Turkey, and Vietnam. The company was formerly known as International Company for Water and Power Projects and changed its name to ACWA POWER Company in January 2022. ACWA Power Company was founded in 2004 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
ACWA POWER Dividend Announcement
• ACWA POWER announced a semi annually dividend of ر.س0.45 per ordinary share which will be made payable on 2024-05-13. Ex dividend date: 2024-04-29
• ACWA POWER annual dividend for 2024 was ر.س0.45
• ACWA POWER annual dividend for 2023 was ر.س1.66
• ACWA POWER's trailing twelve-month (TTM) dividend yield is 0.11%
• ACWA POWER's payout ratio for the trailing twelve months (TTM) is 19.59%
ACWA POWER Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-04-29 | ر.س0.45 | semi annually | 2024-05-13 |
2023-07-02 | ر.س0.83 | semi annually | 2023-07-12 |
2023-06-22 | ر.س0.83 | semi annually | 2023-07-12 |
2022-06-30 | ر.س0.77 | semi annually | 2022-07-21 |
ACWA POWER Dividend per year
ACWA POWER Dividend growth
ACWA POWER Dividend Yield
ACWA POWER current trailing twelve-month (TTM) dividend yield is 0.11%. Interested in purchasing ACWA POWER stock? Use our calculator to estimate your expected dividend yield:
ACWA POWER Financial Ratios
ACWA POWER Dividend FAQ
Other factors to consider when evaluating ACWA POWER as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: ACWA POWER's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, ACWA POWER publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, ACWA POWER distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from ACWA POWER are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: ACWA POWER sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, ACWA POWER distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: ACWA POWER declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of ACWA POWER's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review ACWA POWER's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.