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East Pipes Integrated Company for Industry manufactures and sells spiral steel pipes in the Kingdom of Saudi Arabia. The company provides steel pipes for water, oil, and gas applications; double jointing solutions; coating solutions, including environmental applications; and ancillary services comprising laboratory and technical support services, as well as yard management systems. It is also involved in export activities. The company was formerly known as Welspun Middle East Pipes LLC and changed its name to East Pipes Integrated Company for Industry in January 2021. The company was incorporated in 2010 and is based in Dammam, the Kingdom of Saudi Arabia. East Pipes Integrated Company for Industry is a subsidiary of Welspun Mauritius Holdings Ltd.

East Pipes Integrated for Industry Dividend Announcement

East Pipes Integrated for Industry announced a annually dividend of ر.س1.50 per ordinary share which will be made payable on 2024-08-21. Ex dividend date: 2024-08-05
East Pipes Integrated for Industry annual dividend for 2024 was ر.س1.50
East Pipes Integrated for Industry annual dividend for 2023 was ر.س1.00
East Pipes Integrated for Industry's trailing twelve-month (TTM) dividend yield is 1.01%
East Pipes Integrated for Industry's payout ratio for the trailing twelve months (TTM) is 9.11%

East Pipes Integrated for Industry Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-05ر.س1.50annually2024-08-21
2023-07-17ر.س1.00annually2023-07-30

East Pipes Integrated for Industry Dividend per year

East Pipes Integrated for Industry Dividend Yield

East Pipes Integrated for Industry current trailing twelve-month (TTM) dividend yield is 1.01%. Interested in purchasing East Pipes Integrated for Industry stock? Use our calculator to estimate your expected dividend yield:

East Pipes Integrated for Industry Financial Ratios

P/E ratio13.56
PEG ratio3.17
P/B ratio5.08
ROE46.43%
Payout ratio9.11%
Current ratio2.78
Quick ratio2.13
Cash Ratio0.46

East Pipes Integrated for Industry Dividend FAQ

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