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Atlas Elevators General Trading & Contracting Company engages in selling, supplying, installing, and maintaining electric and hydraulic elevators and escalators in Kingdom of Saudi Arabia and internationally. The company is based in Riyadh, the Kingdom of Saudi Arabia.

Atlas Elevators General Trading and Contracting Dividend Announcement

Atlas Elevators General Trading and Contracting announced a annually dividend of ر.س0.50 per ordinary share which will be made payable on 2024-06-11. Ex dividend date: 2024-05-30
Atlas Elevators General Trading and Contracting annual dividend for 2024 was ر.س0.50
Atlas Elevators General Trading and Contracting annual dividend for 2023 was ر.س0.50
Atlas Elevators General Trading and Contracting's trailing twelve-month (TTM) dividend yield is 2.5%
Atlas Elevators General Trading and Contracting's payout ratio for the trailing twelve months (TTM) is 46.37%

Atlas Elevators General Trading and Contracting Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-05-30ر.س0.50annually2024-06-11
2023-10-29ر.س0.50annually2023-11-12

Atlas Elevators General Trading and Contracting Dividend per year

Atlas Elevators General Trading and Contracting Dividend Yield

Atlas Elevators General Trading and Contracting current trailing twelve-month (TTM) dividend yield is 2.5%. Interested in purchasing Atlas Elevators General Trading and Contracting stock? Use our calculator to estimate your expected dividend yield:

Atlas Elevators General Trading and Contracting Financial Ratios

P/E ratio9.27
PEG ratio0.09
P/B ratio1.25
ROE13.72%
Payout ratio46.37%
Current ratio5.77
Quick ratio2.78
Cash Ratio1.44

Atlas Elevators General Trading and Contracting Dividend FAQ

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