BENA Steel Industries operates as a coil service center and engages in the steel plate fabrication, metal forming, and tube manufacturing. The company is involved in the production of galvanized metal sheets, ribbed and non-ribbed, metal structures and sheets, ribbed and non-ribbed aluminum sheets, chromed metal sheets, electro plated steel, and aluminum pre-painted corrugated steel sheets, as well as pipes and tubes, and wheelbarrows. It supplies its products to commercial and industrial construction, electrical, and oil and gas industrial sectors. The company was founded in 1992 and is based in Dammam, Saudi Arabia.
Bena Steel Industries Dividend Announcement
• Bena Steel Industries announced a annually dividend of ر.س0.90 per ordinary share which will be made payable on 2024-10-03. Ex dividend date: 2024-09-18
• Bena Steel Industries annual dividend for 2024 was ر.س0.90
• Bena Steel Industries's trailing twelve-month (TTM) dividend yield is 2.14%
Bena Steel Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-18 | ر.س0.90 | annually | 2024-10-03 |
Bena Steel Industries Dividend per year
Bena Steel Industries Dividend Yield
Bena Steel Industries current trailing twelve-month (TTM) dividend yield is 2.14%. Interested in purchasing Bena Steel Industries stock? Use our calculator to estimate your expected dividend yield:
Bena Steel Industries Financial Ratios
Bena Steel Industries 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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