The Company for Cooperative Insurance provides various insurance and reinsurance solutions for individuals and companies in the Kingdom of Saudi Arabia. It operates through Medical, Medical Umrah, Motor Insurance, Property and Casualty, General Accident Insurance, Travel and COVID-19, Protection and Saving, and Teejan Al- Khaleej segments. The company offers medical, motor, marine, fire, engineering, energy, aviation, takaful, property and casualty, energy, general accident, international travel, medical malpractice, COVID-19 travel, shop owners, and protection and savings insurance products. It also provides manafeth third party liability insurance for foreign vehicles, as well as consulting services; and facilities for insurance and healthcare businesses. The company was formerly known as National Company for Cooperative Insurance and changed its name to The Company for Cooperative Insurance in 2004. The Company for Cooperative Insurance was incorporated in 1986 and is headquartered in Riyadh, Saudi Arabia.
for Cooperative Insurance Dividend Announcement
• for Cooperative Insurance announced a annually dividend of ر.س1.00 per ordinary share which will be made payable on 2024-07-07. Ex dividend date: 2024-06-23
• for Cooperative Insurance annual dividend for 2024 was ر.س1.00
• for Cooperative Insurance annual dividend for 2023 was ر.س1.00
• for Cooperative Insurance's trailing twelve-month (TTM) dividend yield is 0.77%
• for Cooperative Insurance's payout ratio for the trailing twelve months (TTM) is 0.03%
for Cooperative Insurance Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-23 | ر.س1.00 | annually | 2024-07-07 |
2023-06-07 | ر.س1.00 | annually | 2023-06-19 |
2021-04-29 | ر.س0.80 | annually | 2021-05-09 |
2017-03-21 | ر.س5.00 | annually | 2017-03-27 |
2016-03-21 | ر.س0.80 | annually | 2016-03-24 |
2015-03-16 | ر.س1.16 | annually | 2015-03-19 |
2011-03-30 | ر.س3.00 | annually | 2011-04-06 |
for Cooperative Insurance Dividend per year
for Cooperative Insurance Dividend growth
for Cooperative Insurance Dividend Yield
for Cooperative Insurance current trailing twelve-month (TTM) dividend yield is 0.77%. Interested in purchasing for Cooperative Insurance stock? Use our calculator to estimate your expected dividend yield:
for Cooperative Insurance Financial Ratios
for Cooperative Insurance Dividend FAQ
Other factors to consider when evaluating for Cooperative Insurance 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: for Cooperative Insurance'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, for Cooperative Insurance 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, for Cooperative Insurance 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 for Cooperative Insurance 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: for Cooperative Insurance 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, for Cooperative Insurance distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: for Cooperative Insurance 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 for Cooperative Insurance'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 for Cooperative Insurance'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.