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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 3.99%
Al Obeikan Glass's payout ratio for the trailing twelve months (TTM) is 174.42%

Al Obeikan Glass Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-03-26ر.س2.00annually
2022-09-13ر.س2.67annually2022-09-19

Al Obeikan Glass Dividend per year

Al Obeikan Glass Dividend Yield

Al Obeikan Glass current trailing twelve-month (TTM) dividend yield is 3.99%. Interested in purchasing Al Obeikan Glass stock? Use our calculator to estimate your expected dividend yield:

Al Obeikan Glass Financial Ratios

P/E ratio43.69
PEG ratio-2.36
P/B ratio2.84
ROE6.28%
Payout ratio174.42%
Current ratio2.89
Quick ratio2.37
Cash Ratio0.22

Al Obeikan Glass Dividend FAQ

Does Al Obeikan Glass stock pay dividends?
Al Obeikan Glass does not currently pay dividends to its shareholders.
Has Al Obeikan Glass ever paid a dividend?
No, Al Obeikan Glass has no a history of paying dividends to its shareholders. Al Obeikan Glass is not known for its dividend payments.
Why doesn't Al Obeikan Glass pay dividends?
There are several potential reasons why Al Obeikan Glass 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 Obeikan Glass 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 Obeikan Glass 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 Obeikan Glass a dividend aristocrat?
Al Obeikan Glass 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 Obeikan Glass a dividend king?
Al Obeikan Glass 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 Obeikan Glass a dividend stock?
No, Al Obeikan Glass 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 Obeikan Glass stocks?
To buy Al Obeikan Glass 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 Obeikan Glass 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.