Eastern Province Cement Company produces and sells clinker and cement in the Kingdom of Saudi Arabia and internationally. It operates in two segments, Cement and Precast. The Cement segment offers ordinary, salt-resistant, and clinker cement. The Precast segment provides partitions, frames, and prefabricated buildings from prefabricated concrete. The company also engages in the operation of quarries, mining of gypsum and anhydrite, and wholesale of cement and gypsum. Eastern Province Cement Company was founded in 1982 and is headquartered in Dammam, the Kingdom of Saudi Arabia.
Eastern Province Cement Dividend Announcement
• Eastern Province Cement announced a semi annually dividend of ر.س0.60 per ordinary share which will be made payable on 2024-10-03. Ex dividend date: 2024-09-15
• Eastern Province Cement annual dividend for 2024 was ر.س1.60
• Eastern Province Cement annual dividend for 2023 was ر.س1.60
• Eastern Province Cement's trailing twelve-month (TTM) dividend yield is 4.96%
• Eastern Province Cement's payout ratio for the trailing twelve months (TTM) is 62.73%
• Eastern Province Cement's dividend growth over the last five years (2018-2023) was 9.86% year
• Eastern Province Cement's dividend growth over the last ten years (2013-2023) was -8.76% year
Eastern Province Cement Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-15 | ر.س0.60 | semi annually | 2024-10-03 |
2024-03-18 | ر.س1.00 | semi annually | |
2023-08-21 | ر.س0.60 | semi annually | 2023-09-07 |
2023-03-27 | ر.س1.00 | semi annually | 2023-04-13 |
2022-08-15 | ر.س1.00 | semi annually | 2022-08-30 |
2022-04-12 | ر.س1.10 | semi annually | 2022-04-26 |
2022-03-28 | ر.س1.10 | semi annually | |
2021-08-09 | ر.س1.40 | semi annually | 2021-08-23 |
2021-04-12 | ر.س2.50 | semi annually | 2021-04-28 |
2020-04-15 | ر.س1.50 | semi annually | 2020-04-27 |
2019-05-01 | ر.س0.75 | semi annually | 2019-05-15 |
2018-05-09 | ر.س1.00 | semi annually | 2018-05-24 |
2017-04-11 | ر.س1.50 | semi annually | 2017-04-27 |
2016-03-30 | ر.س2.50 | semi annually | |
2015-04-01 | ر.س2.50 | semi annually | |
2014-03-20 | ر.س3.50 | semi annually | |
2013-03-18 | ر.س4.00 | semi annually |
Eastern Province Cement Dividend per year
Eastern Province Cement Dividend growth
Eastern Province Cement Dividend Yield
Eastern Province Cement current trailing twelve-month (TTM) dividend yield is 4.96%. Interested in purchasing Eastern Province Cement stock? Use our calculator to estimate your expected dividend yield:
Eastern Province Cement Financial Ratios
Eastern Province Cement Dividend FAQ
Other factors to consider when evaluating Eastern Province Cement as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Eastern Province Cement's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Eastern Province Cement publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Eastern Province Cement distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Eastern Province Cement are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Eastern Province Cement sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Eastern Province Cement distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Eastern Province Cement declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Eastern Province Cement's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Eastern Province Cement's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.