Modern Mills Company manufactures and sells flour and animal feed in the Kingdom of Saudi Arabia. The company was founded in 1982 and is based in Jeddah, the Kingdom of Saudi Arabia.
Modern Mills for Food Products Dividend Announcement
• Modern Mills for Food Products announced a semi annually dividend of ر.س1.00 per ordinary share which will be made payable on 2024-08-14. Ex dividend date: 2024-08-04
• Modern Mills for Food Products annual dividend for 2024 was ر.س2.00
• Modern Mills for Food Products's trailing twelve-month (TTM) dividend yield is 4.88%
• Modern Mills for Food Products's payout ratio for the trailing twelve months (TTM) is 111.01%
Modern Mills for Food Products Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-08-04 | ر.س1.00 | semi annually | 2024-08-14 |
| 2024-06-12 | ر.س1.00 | semi annually | 2024-07-07 |
Modern Mills for Food Products Dividend per year
Modern Mills for Food Products Dividend Yield
Modern Mills for Food Products current trailing twelve-month (TTM) dividend yield is 4.88%. Interested in purchasing Modern Mills for Food Products stock? Use our calculator to estimate your expected dividend yield:
Modern Mills for Food Products Financial Ratios
P/E ratio15.87
PEG ratio0.16
P/B ratio15.70
ROE85.03%
Payout ratio111.01%
Current ratio0.36
Quick ratio0.23
Cash Ratio0.18
Modern Mills for Food Products Dividend FAQ
Does Modern Mills for Food Products stock pay dividends?
Modern Mills for Food Products does not currently pay dividends to its shareholders.
Has Modern Mills for Food Products ever paid a dividend?
No, Modern Mills for Food Products has no a history of paying dividends to its shareholders. Modern Mills for Food Products is not known for its dividend payments.
Why doesn't Modern Mills for Food Products pay dividends?
There are several potential reasons why Modern Mills for Food Products 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.
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 Modern Mills for Food Products 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 Modern Mills for Food Products 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 Modern Mills for Food Products a dividend aristocrat?
Modern Mills for Food Products 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 Modern Mills for Food Products a dividend king?
Modern Mills for Food Products 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 Modern Mills for Food Products a dividend stock?
No, Modern Mills for Food Products 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 Modern Mills for Food Products stocks?
To buy Modern Mills for Food Products 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 Modern Mills for Food Products 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.
Place an order: Use the brokerage's trading platform to place an order to buy Modern Mills for Food Products 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.