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Al-Etihad Cooperative Insurance Company provides insurance services in the Kingdom of Saudi Arabia. It offers property, motor, marine and marine cargo, medical and health, general accident and liability, casualty, engineering and construction, and other general insurance products and services. The company was founded in 1983 and is headquartered in Dhahran, the Kingdom of Saudi Arabia.

Al-Etihad Cooperative Insurance Dividend Announcement

Al-Etihad Cooperative Insurance announced a annually dividend of ر.س0.54 per ordinary share which will be made payable on 2024-06-10. Ex dividend date: 2024-05-30
Al-Etihad Cooperative Insurance annual dividend for 2024 was ر.س0.54
Al-Etihad Cooperative Insurance's trailing twelve-month (TTM) dividend yield is 2.39%
Al-Etihad Cooperative Insurance's payout ratio for the trailing twelve months (TTM) is 32.07%

Al-Etihad Cooperative Insurance Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-05-30ر.س0.54annually2024-06-10

Al-Etihad Cooperative Insurance Dividend per year

Al-Etihad Cooperative Insurance Dividend Yield

Al-Etihad Cooperative Insurance current trailing twelve-month (TTM) dividend yield is 2.39%. Interested in purchasing Al-Etihad Cooperative Insurance stock? Use our calculator to estimate your expected dividend yield:

Al-Etihad Cooperative Insurance Financial Ratios

P/E ratio13.41
PEG ratio-0.08
P/B ratio1.62
ROE12.53%
Payout ratio32.07%
Current ratio1.16
Quick ratio1.16
Cash Ratio0.50

Al-Etihad Cooperative Insurance Dividend FAQ

Does Al-Etihad Cooperative Insurance stock pay dividends?
Al-Etihad Cooperative Insurance does not currently pay dividends to its shareholders.
Has Al-Etihad Cooperative Insurance ever paid a dividend?
No, Al-Etihad Cooperative Insurance has no a history of paying dividends to its shareholders. Al-Etihad Cooperative Insurance is not known for its dividend payments.
Why doesn't Al-Etihad Cooperative Insurance pay dividends?
There are several potential reasons why Al-Etihad Cooperative Insurance would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Al-Etihad Cooperative Insurance ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Al-Etihad Cooperative Insurance has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Al-Etihad Cooperative Insurance a dividend aristocrat?
Al-Etihad Cooperative Insurance is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Al-Etihad Cooperative Insurance a dividend king?
Al-Etihad Cooperative Insurance is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Al-Etihad Cooperative Insurance a dividend stock?
No, Al-Etihad Cooperative Insurance is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Al-Etihad Cooperative Insurance stocks?
To buy Al-Etihad Cooperative Insurance you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Al-Etihad Cooperative Insurance stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.