Aldrees Petroleum and Transport Services Company engages in the wholesale and retail of fuel, gasoline, and oil in the Kingdom of Saudi Arabia. The company operates through Petroleum Services and Transport Services segments. It operates approximately 640 fuel stations. The company also provides various services related to additives, car wash, tire servicing, alignment, accessories, food, mosque, ATMs, car rental, etc. at its fuel stations. In addition, it offers transport and logistics services through a fleet of approximately 2,699 trucks and trailers. Aldrees Petroleum and Transport Services Company was founded in 1957 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
Aldrees Petroleum and Transport Services Dividend Announcement
• Aldrees Petroleum and Transport Services announced a annually dividend of ر.س0.75 per ordinary share which will be made payable on 2024-05-20. Ex dividend date: 2024-05-06
• Aldrees Petroleum and Transport Services annual dividend for 2024 was ر.س0.75
• Aldrees Petroleum and Transport Services annual dividend for 2023 was ر.س2.00
• Aldrees Petroleum and Transport Services's trailing twelve-month (TTM) dividend yield is 0.61%
• Aldrees Petroleum and Transport Services's payout ratio for the trailing twelve months (TTM) is 23.66%
• Aldrees Petroleum and Transport Services's dividend growth over the last five years (2018-2023) was 8.45% year
• Aldrees Petroleum and Transport Services's dividend growth over the last ten years (2013-2023) was -2.84% year
Aldrees Petroleum and Transport Services Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-06 | ر.س0.75 | annually | 2024-05-20 |
2023-05-02 | ر.س2.00 | annually | 2023-05-15 |
2022-03-01 | ر.س1.50 | annually | 2022-03-14 |
2021-04-15 | ر.س1.00 | annually | 2021-04-28 |
2020-04-29 | ر.س2.00 | annually | 2020-05-12 |
2019-03-19 | ر.س1.60 | annually | 2019-03-19 |
2018-03-06 | ر.س1.33 | annually | 2018-03-06 |
2017-03-13 | ر.س1.33 | annually | 2017-03-22 |
2016-03-03 | ر.س2.67 | annually | |
2015-03-09 | ر.س2.67 | annually | |
2014-03-06 | ر.س2.67 | annually | |
2013-03-03 | ر.س2.67 | annually |
Aldrees Petroleum and Transport Services Dividend per year
Aldrees Petroleum and Transport Services Dividend growth
Aldrees Petroleum and Transport Services Dividend Yield
Aldrees Petroleum and Transport Services current trailing twelve-month (TTM) dividend yield is 0.61%. Interested in purchasing Aldrees Petroleum and Transport Services stock? Use our calculator to estimate your expected dividend yield:
Aldrees Petroleum and Transport Services Financial Ratios
Aldrees Petroleum and Transport Services Dividend FAQ
Other factors to consider when evaluating Aldrees Petroleum and Transport Services as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Aldrees Petroleum and Transport Services's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Aldrees Petroleum and Transport Services publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Aldrees Petroleum and Transport Services distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Aldrees Petroleum and Transport Services are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Aldrees Petroleum and Transport Services sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Aldrees Petroleum and Transport Services distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Aldrees Petroleum and Transport Services declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Aldrees Petroleum and Transport Services's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Aldrees Petroleum and Transport Services's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.