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Middle East Pharmaceutical Industries Company researches, develops, manufactures, and markets generic medicines and pharmaceuticals in the Kingdom of Saudi Arabia. It offers medicines and preparations used to treat skin diseases, skin creams, and skin care products; respiratory, central nervous, digestive, and musculoskeletal system medications; disinfectants and sterilizers; and various therapeutic medicines and preparations, including sexual system medicines, diabetes, cardiovascular medicines, anti-infective medicines, anti-parasitic medicines, pain relievers, antiseptics, and women's and men's health medicines in form of creams, dispensers, gels, hand sanitizers, lubricating gels, mouthwashes, soaps, solutions, sprays, surgical scrubs, tablets, and vaginal douches. The company also provides contract manufacturing services. In addition, it exports its products. The company was formerly known as Middle East Chemical Products Factory Company and changed its name to Middle East Pharmaceutical Industries Company in January 2006. The company was incorporated in 1998 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

Middle East Pharmaceutical Industries Dividend Announcement

• Middle East Pharmaceutical Industries announced a annually dividend of ر.س0.75 per ordinary share which will be made payable on 2024-09-15. Ex dividend date: 2024-09-01
• Middle East Pharmaceutical Industries annual dividend for 2024 was ر.س0.75
• Middle East Pharmaceutical Industries's trailing twelve-month (TTM) dividend yield is 0.61%
• Middle East Pharmaceutical Industries's payout ratio for the trailing twelve months (TTM) is 15.21%

Middle East Pharmaceutical Industries Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-01ر.س0.75annually2024-09-15

Middle East Pharmaceutical Industries Dividend per year

Middle East Pharmaceutical Industries Dividend Yield

Middle East Pharmaceutical Industries current trailing twelve-month (TTM) dividend yield is 0.61%. Interested in purchasing Middle East Pharmaceutical Industries stock? Use our calculator to estimate your expected dividend yield:

Middle East Pharmaceutical Industries Financial Ratios

P/E ratio41.43
PEG ratio0.18
P/B ratio7.52
ROE18.42%
Payout ratio15.21%
Current ratio2.23
Quick ratio1.43
Cash Ratio0.10

Middle East Pharmaceutical Industries Dividend FAQ

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