Almunajem Foods Company engages in the import, marketing, and distribution of frozen, chilled, and dry foodstuffs in Saudi Arabia. It also offers logistical services, including storage and transportation services. The company's poultry products include chicken and chicken products; meat; dairy products, including cheese, butter, cream, and evaporated milk; French fries; olives and olive oil, and sea food; fruits, which include avocado pulp; and basmati rice. It sells its products through wholesale, retail, and food service channels. The company serves catering companies, airlines, hotels, fast food restaurants, traditional restaurants, luxury restaurants, cafes, and juice shops; hypermarkets, supermarkets, superstores, mini markets, and baqalas; and small retailers and individual consumers. Almunajem Foods Company was founded in 1950 and is based in Riyadh, Saudi Arabia. Almunajem Foods Company is a subsidiary of Abdullah Ali Almunajem Sons Company.
Almunajem Foods Dividend Announcement
• Almunajem Foods announced a quarterly dividend of ر.س1.25 per ordinary share which will be made payable on 2024-06-26. Ex dividend date: 2024-06-12
• Almunajem Foods annual dividend for 2024 was ر.س1.25
• Almunajem Foods annual dividend for 2023 was ر.س4.25
• Almunajem Foods's trailing twelve-month (TTM) dividend yield is 2.85%
• Almunajem Foods's payout ratio for the trailing twelve months (TTM) is 84.22%
Almunajem Foods Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-12 | ر.س1.25 | quarterly | 2024-06-26 |
2023-11-22 | ر.س2.00 | quarterly | 2023-12-03 |
2023-08-07 | ر.س1.25 | quarterly | 2023-08-22 |
2023-05-09 | ر.س1.00 | quarterly | 2023-05-17 |
2022-08-01 | ر.س1.25 | quarterly | 2022-08-14 |
2022-06-02 | ر.س2.00 | quarterly | 2022-06-12 |
Almunajem Foods Dividend per year
Almunajem Foods Dividend growth
Almunajem Foods Dividend Yield
Almunajem Foods current trailing twelve-month (TTM) dividend yield is 2.85%. Interested in purchasing Almunajem Foods stock? Use our calculator to estimate your expected dividend yield:
Almunajem Foods Financial Ratios
Almunajem Foods Dividend FAQ
Other factors to consider when evaluating Almunajem Foods 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: Almunajem Foods'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, Almunajem Foods 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, Almunajem Foods 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 Almunajem Foods 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: Almunajem Foods 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, Almunajem Foods distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Almunajem Foods 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 Almunajem Foods'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 Almunajem Foods'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.