Al Obeikan Glass Company engages in wholesale of chemicals and glass panels in Saudi Arabia, and internationally. The company also involved in the operation of quarries; and sand and gravel mines, including crushers. In addition, it manufactures and sells float and laminated glass products, as well as insulating glass used in construction. The company was founded in 2006 and is headquartered in Yanbu, the Kingdom of Saudi Arabia.
Al Obeikan Glass Dividend Announcement
• Al Obeikan Glass announced a annually dividend of ر.س2.00 per ordinary share which will be made payable on . Ex dividend date: 2024-03-26
• Al Obeikan Glass annual dividend for 2024 was ر.س2.00
• Al Obeikan Glass's trailing twelve-month (TTM) dividend yield is 4.09%
• Al Obeikan Glass's payout ratio for the trailing twelve months (TTM) is 174.42%
Al Obeikan Glass Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-03-26 | ر.س2.00 | annually | |
2022-09-13 | ر.س2.67 | annually | 2022-09-19 |
Al Obeikan Glass Dividend per year
Al Obeikan Glass Dividend Yield
Al Obeikan Glass current trailing twelve-month (TTM) dividend yield is 4.09%. Interested in purchasing Al Obeikan Glass stock? Use our calculator to estimate your expected dividend yield:
Al Obeikan Glass Financial Ratios
Al Obeikan Glass Dividend FAQ
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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