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 2.45%
• 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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-30 | ر.س0.50 | annually | 2024-06-11 |
2023-10-29 | ر.س0.50 | annually | 2023-11-12 |
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 2.45%. 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
Atlas Elevators General Trading and Contracting 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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