Gas Arabian Services Company provides products and services for automation, instrumentation, field services, mechanical, and piping and static fields in the Kingdom of Saudi Arabia. It operates as a turnkey contractor, as well as provides project management services; and offers a range of support services to project. The company also supplies instrumentation and electrical, and mechanical products. In addition, it manufactures piping spools, structural steel fabrication products, pressure reducing stations, multiphase flow meters skids, and other industry essential products. Further, it provides machinery and equipment, electrical, electronic, mechanical, hydromechanical, petroleum, industrial, drilling, technical, desalination equipment, generators, and spare parts. The company serves oil and gas, petrochemical, electrical, steel, water and desalination, and mining industries. Gas Arabian Services Company was incorporated in 1992 and is headquartered in Dammam, the Kingdom of Saudi Arabia.
Gas Arabian Services Dividend Announcement
• Gas Arabian Services announced a semi annually dividend of ر.س0.15 per ordinary share which will be made payable on 2024-09-04. Ex dividend date: 2024-08-25
• Gas Arabian Services annual dividend for 2024 was ر.س0.45
• Gas Arabian Services annual dividend for 2023 was ر.س2.25
• Gas Arabian Services's trailing twelve-month (TTM) dividend yield is 2.99%
• Gas Arabian Services's payout ratio for the trailing twelve months (TTM) is 41.24%
Gas Arabian Services Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-25 | ر.س0.15 | semi annually | 2024-09-04 |
2024-05-15 | ر.س0.30 | semi annually | 2024-05-28 |
2023-04-11 | ر.س2.25 | semi annually | 2023-05-01 |
2022-04-12 | ر.س2.00 | semi annually | 2022-04-21 |
Gas Arabian Services Dividend per year
Gas Arabian Services Dividend growth
Gas Arabian Services Dividend Yield
Gas Arabian Services current trailing twelve-month (TTM) dividend yield is 2.99%. Interested in purchasing Gas Arabian Services stock? Use our calculator to estimate your expected dividend yield:
Gas Arabian Services Financial Ratios
Gas Arabian Services Dividend FAQ
Other factors to consider when evaluating Gas Arabian Services 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: Gas Arabian Services'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, Gas Arabian Services 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, Gas Arabian Services 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 Gas Arabian Services 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: Gas Arabian Services 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, Gas Arabian Services distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Gas Arabian Services 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 Gas Arabian Services'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 Gas Arabian Services'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.