Al Rashid Industrial Co., manufactures and sells plastic and packaging products to the government and commercial sectors in Saudi Arabia. It offers food containers for refrigerator, trays, and Cassatt and jakes; medical packages and containers; and packaging boxes for creams and care products, saffron, incense, Maamoul, dates, and sweets and citrus products. The company also provides single use boxes, such as heating and transparent cans; sushi, cake, egg storage, and fruit boxes; and cans for cakes. It offers its products online. The company was founded in 1969 and is based in Riyadh, Saudi Arabia.
Al Rashid Industrial Dividend Announcement
• Al Rashid Industrial announced a annually dividend of ر.س1.00 per ordinary share which will be made payable on 2024-07-11. Ex dividend date: 2024-06-23
• Al Rashid Industrial annual dividend for 2024 was ر.س1.00
• Al Rashid Industrial's trailing twelve-month (TTM) dividend yield is 2.24%
• Al Rashid Industrial's payout ratio for the trailing twelve months (TTM) is 28.14%
Al Rashid Industrial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-23 | ر.س1.00 | annually | 2024-07-11 |
Al Rashid Industrial Dividend per year
Al Rashid Industrial Dividend Yield
Al Rashid Industrial current trailing twelve-month (TTM) dividend yield is 2.24%. Interested in purchasing Al Rashid Industrial stock? Use our calculator to estimate your expected dividend yield:
Al Rashid Industrial Financial Ratios
Al Rashid Industrial 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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