Arabian Drilling Company operates as an onshore and offshore gas and oil rig drilling company in Saudi Arabia. Its services include the supply of drilling services in shallow and deep waters and on land for the exploration and production of oil and natural gas, as well as well intervention and testing, rig move, mobilization, manpower, and other services. The company operates an onshore fleet of 38 rigs, which include medium to ultra-heavy rigs; and offshore fleet of 7 rigs that comprises of ultra-heavy-duty jack-ups. Arabian Drilling Company was founded in 1964 and is based in Al Khobar, Saudi Arabia. Arabian Drilling Company is a subsidiary of Industrialization & Energy Services Company.
Arabian Drilling Dividend Announcement
• Arabian Drilling announced a semi annually dividend of ر.س1.35 per ordinary share which will be made payable on 2024-08-22. Ex dividend date: 2024-08-05
• Arabian Drilling annual dividend for 2024 was ر.س3.88
• Arabian Drilling annual dividend for 2023 was ر.س2.53
• Arabian Drilling's trailing twelve-month (TTM) dividend yield is 3.4%
• Arabian Drilling's payout ratio for the trailing twelve months (TTM) is 131.32%
Arabian Drilling Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-05 | ر.س1.35 | semi annually | 2024-08-22 |
2024-03-18 | ر.س2.53 | semi annually | 2024-04-02 |
2023-11-01 | ر.س2.53 | semi annually | 2023-11-13 |
Arabian Drilling Dividend per year
Arabian Drilling Dividend Yield
Arabian Drilling current trailing twelve-month (TTM) dividend yield is 3.4%. Interested in purchasing Arabian Drilling stock? Use our calculator to estimate your expected dividend yield:
Arabian Drilling Financial Ratios
Arabian Drilling 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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