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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 dateDividend amountDividend typePay date
2024-06-23ر.س1.00annually2024-07-11

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

P/E ratio16.75
PEG ratio0.17
P/B ratio2.95
ROE18.08%
Payout ratio28.14%
Current ratio5.55
Quick ratio4.07
Cash Ratio1.83

Al Rashid Industrial Dividend FAQ

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