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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 5.83%
• Arabian Drilling's payout ratio for the trailing twelve months (TTM) is 91.97%

Arabian Drilling Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-05ر.س1.35semi annually2024-08-22
2024-03-19ر.س2.53semi annually
2023-11-02ر.س2.53semi annually2023-11-13

Arabian Drilling Dividend per year

Arabian Drilling Dividend Yield

Arabian Drilling current trailing twelve-month (TTM) dividend yield is 5.83%. Interested in purchasing Arabian Drilling stock? Use our calculator to estimate your expected dividend yield:

Arabian Drilling Financial Ratios

P/E ratio20.01
PEG ratio0.41
P/B ratio1.66
ROE8.16%
Payout ratio91.97%
Current ratio2.12
Quick ratio1.80
Cash Ratio0.67

Arabian Drilling Dividend FAQ

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