Electrical Industries Company, through its subsidiaries, engages in the manufacture, assembly, and supply of various types of electrical equipment; and provision of technical services in the Kingdom of Saudi Arabia and internationally. The company provides power, distribution, pole and pad mounted, and slim transformers; package and unit substations; and cable management systems, including cable ladder, tray, and trunking systems, as well as communication runway systems, and covers and other accessories. It also offers low voltage metal enclosed switchgears, magnum DS metal enclosed switchgears, motor control centers, metal-enclosed IEC switchgears, panel boards, switch racks, bus ducts, and cable buses. In addition, the company provides high voltage equipment, such as annunciator, protection and control, and synchronizing panels; and medium voltage indoors metal-clad switchgears, indoor metal-enclosed motor controllers, bus ducts, and cable buses. Further, it provides industrial services comprising calibration and instrumentation, refurbishment, modification and upgrading of electrical equipment, transformer oil filling, processing and filtration, relay setting and coordination study, and testing and commissioning of electrical equipment at site. The company serves the commercial, residential, and industrial sectors. Electrical Industries Company was founded in 1976 and is based in Dammam, the Kingdom of Saudi Arabia.
Electrical Industries Dividend Announcement
• Electrical Industries announced a semi annually dividend of ر.س0.10 per ordinary share which will be made payable on 2024-08-28. Ex dividend date: 2024-08-08
• Electrical Industries annual dividend for 2024 was ر.س0.17
• Electrical Industries annual dividend for 2023 was ر.س1.50
• Electrical Industries's trailing twelve-month (TTM) dividend yield is 2.31%
• Electrical Industries's payout ratio for the trailing twelve months (TTM) is 55.20%
Electrical Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-08 | ر.س0.10 | semi annually | 2024-08-28 |
2024-03-31 | ر.س0.07 | semi annually | 2024-04-24 |
2023-09-10 | ر.س1.50 | semi annually | 2024-04-24 |
2022-04-21 | ر.س1.00 | semi annually | 2022-05-17 |
2021-04-27 | ر.س0.50 | semi annually | 2021-05-09 |
2018-05-14 | ر.س1.00 | semi annually | 2018-06-01 |
2017-04-26 | ر.س0.90 | semi annually | 2017-05-11 |
Electrical Industries Dividend per year
Electrical Industries Dividend growth
Electrical Industries Dividend Yield
Electrical Industries current trailing twelve-month (TTM) dividend yield is 2.31%. Interested in purchasing Electrical Industries stock? Use our calculator to estimate your expected dividend yield:
Electrical Industries Financial Ratios
Electrical Industries Dividend FAQ
Other factors to consider when evaluating Electrical Industries 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: Electrical Industries'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, Electrical Industries 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, Electrical Industries 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 Electrical Industries 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: Electrical Industries 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, Electrical Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Electrical Industries 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 Electrical Industries'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 Electrical Industries'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.