Alinma Bank provides banking and investment services in the Kingdom of Saudi Arabia. The company provides various retail services, including current, family, education, and savings accounts; self-service banking services; debit, credit, traveler, purchase, business expense, virtual, and prepaid cards; point of sale services; car, real estate, personal, and education financing, as well as mortgage, consumer, and commercial financing products; and bill payment services. It also offers treasury, letters of guarantee, documentary collection, import and export letters of credit, and guarantee verification services; cash management services; corporate partner services; finance and investment products; financial services; and payroll management and payment gateway services. In addition, the company provides investment management, asset management, custodianship, advisory, underwriting, and brokerage services; and operates as an insurance agent. Further, it offers its services to individuals, corporates, SMEs, and institutional customers. The company operates through a network of 100 branch locations. Alinma Bank was incorporated in 2006 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
Alinma Bank Dividend Announcement
• Alinma Bank announced a quarterly dividend of ر.س0.30 per ordinary share which will be made payable on 2024-11-21. Ex dividend date: 2024-11-10
• Alinma Bank annual dividend for 2024 was ر.س0.85
• Alinma Bank annual dividend for 2023 was ر.س1.35
• Alinma Bank's trailing twelve-month (TTM) dividend yield is 3.08%
• Alinma Bank's payout ratio for the trailing twelve months (TTM) is 32.70%
Alinma Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-10 | ر.س0.30 | quarterly | 2024-11-21 |
2024-11-07 | ر.س0.30 | quarterly | 2024-11-21 |
2024-05-19 | ر.س0.25 | quarterly | 2024-06-02 |
2023-11-08 | ر.س0.30 | quarterly | 2023-11-22 |
2023-08-09 | ر.س0.30 | quarterly | 2023-08-23 |
2023-05-29 | ر.س0.25 | quarterly | 2023-06-12 |
2023-04-30 | ر.س0.50 | quarterly | 2023-05-11 |
2022-07-31 | ر.س0.45 | quarterly | 2022-08-14 |
2022-04-13 | ر.س0.40 | quarterly | 2022-04-25 |
2021-08-08 | ر.س0.35 | quarterly | 2021-08-22 |
2021-04-07 | ر.س0.30 | quarterly | 2021-04-21 |
2019-03-26 | ر.س1.00 | quarterly | 2019-04-10 |
2018-04-10 | ر.س0.80 | quarterly | 2018-04-25 |
2017-04-06 | ر.س0.50 | quarterly | 2017-04-19 |
2016-03-28 | ر.س0.50 | quarterly | 2016-04-14 |
2016-03-22 | ر.س0.50 | quarterly | |
2015-03-16 | ر.س0.50 | quarterly | 2015-03-29 |
Alinma Bank Dividend per year
Alinma Bank Dividend growth
Alinma Bank Dividend Yield
Alinma Bank current trailing twelve-month (TTM) dividend yield is 3.08%. Interested in purchasing Alinma Bank stock? Use our calculator to estimate your expected dividend yield:
Alinma Bank Financial Ratios
Alinma Bank Dividend FAQ
Other factors to consider when evaluating Alinma Bank 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: Alinma Bank'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, Alinma Bank 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, Alinma Bank 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 Alinma Bank 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: Alinma Bank 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, Alinma Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Alinma Bank 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 Alinma Bank'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 Alinma Bank'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.