Al Obeikan Glass (9531.SR) Dividend: History, Dates & Yield - 2024
Tags:Dividend History
Al Obeikan Glass announced a annually dividend of ر.س2.00 per ordinary share, payable on 2024-04-01, with an ex-dividend date of 2024-03-26. Al Obeikan Glass typically pays dividends one times a year, compared to ر.س2.00 in 2024.
Find details on Al Obeikan Glass's dividend performance with a comprehensive history of past and upcoming payments.
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-03-26 | ر.س2.00 | annually | 2024-04-01 |
| 2022-09-13 | ر.س1.50 | annually | 2022-09-19 |
Dividend Increase
. In comparison, Sahara International Petrochemical has seen an average growth rate of 42.81% over the past five years and Yanbu Cement's growth rate was -1.15%.
By comparing Al Obeikan Glass's dividend growth to other companies, investors can gain insight into how consistent its dividend strategy is and what that means for future payouts. However, dividend growth is just one factor to consider. Investors should also evaluate other metrics, such as earnings growth, payout ratio, and overall financial health, to get a full picture of Walmart's dividend sustainability and potential.
Dividend Yield
Al Obeikan Glass's current trailing twelve-month (TTM) dividend yield is 4.45%. Over the last 12 months, Al Obeikan Glass has maintained this yield, but how does it compare to similar stocks? For example, Sahara International Petrochemical offers a yield of 4.23%, while Yanbu Cement provides a yield of 5.32%. Comparing similar stocks can help investors assess Al Obeikan Glass's yield and make more informed decisions.
| Company | Dividend Yield | Annual Dividend | Stock Price |
|---|---|---|---|
| Al Obeikan Glass (9531.SR) | 4.45% | ر.س2 | ر.س44.95 |
| Sahara International Petrochemical (2310.SR) | 4.23% | ر.س1 | ر.س23.62 |
| Yanbu Cement (3060.SR) | 5.32% | ر.س1.25 | ر.س23.5 |
Dividend Yield Calculator
Interested in purchasing Al Obeikan Glass stock? Use our calculator to estimate your expected dividend yield and see how Walmart's consistent payouts could contribute to your long-term investment goals. Understanding your potential returns can help you make an informed decision.
Payout Ratio
Al Obeikan Glass has a payout ratio of 2.20%. In comparison, 9512.SR has a payout ratio of 1.03%, while Arabian International Healthcare's payout ratio is 0.00%.
It's important to note that the payout ratio is just one of many metrics investors use to assess a company's dividend sustainability and growth potential. It should be considered alongside other financial indicators such as earnings, cash flow, and debt levels to gain a complete picture of the company's financial health.
About Al Obeikan Glass
- Global presence Operates in multiple countries, including major markets in North America, Europe, and Asia.
- Key Segments Dividend investors can focus on segments with consistent revenue and growth, such as healthcare and technology.
- Products/Services Offers a wide range of products and services, including healthcare devices, software solutions, and consumer electronics.
- Financial stability Demonstrates strong financial stability with consistent dividends and revenue growth over the years.
Frequently Asked Question
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.
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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.