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 0.9%
• 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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-05 | ر.س1.50 | annually | 2024-08-21 |
2023-07-17 | ر.س1.00 | annually | 2023-07-30 |
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 0.9%. 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
East Pipes Integrated for Industry 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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