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First Milling Company produces and sells flour products in the Kingdom of Saudi Arabia. It provides premium flour for use in confectionary and functional baking; bakery flour to make Arabic bread, and other traditional and western baking products; whole wheat flour for making whole meal bread; and superior wheat flour for use in traditional meals. The company also offers pastry and pizza flour products; and livestock fattner, lambs feed, horse feed, pigeon feed, and dairy cattle feed products. In addition, it provides various wheat derivative products, primarily bran for animals; and edible bran products. The company offers its products under the Aloula, Naffa'a, and First Mills names. It serves industrials, bakeries, restaurants, and catering businesses, as well as wholesalers, modern and traditional trade customers, farms and feed distributors, and retail customers. First Milling Company was founded in 1972 and is headquartered in Jeddah, the Kingdom of Saudi Arabia.

First Milling Dividend Announcement

• First Milling announced a quarterly dividend of ر.س1.55 per ordinary share which will be made payable on 2024-08-13. Ex dividend date: 2024-07-30
• First Milling annual dividend for 2024 was ر.س4.37
• First Milling annual dividend for 2023 was ر.س1.37
• First Milling's trailing twelve-month (TTM) dividend yield is 7.3%
• First Milling's payout ratio for the trailing twelve months (TTM) is 67.63%

First Milling Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-30ر.س1.55quarterly2024-08-13
2024-04-14ر.س1.41quarterly2024-04-23
2024-04-04ر.س1.41quarterly2024-04-23
2023-07-31ر.س1.37quarterly2023-08-14

First Milling Dividend per year

First Milling Dividend Yield

First Milling current trailing twelve-month (TTM) dividend yield is 7.3%. Interested in purchasing First Milling stock? Use our calculator to estimate your expected dividend yield:

First Milling Financial Ratios

P/E ratio13.74
PEG ratio1.23
P/B ratio3.79
ROE27.10%
Payout ratio67.63%
Current ratio1.10
Quick ratio0.70
Cash Ratio0.57

First Milling Dividend FAQ

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