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Nofoth Food Products Company produces and sells food and beverage products in Saudi Arabia. It offers pastries under the Mamola brand; Mahashi, Kibbeh, and Musakhan products with fillings under the Enaba brand; fried and baked dates stuffed with various flavors and fillings under the Golden Balah brand; and sour and sweet Mahashi under the Pinkish Bite brand. The company is headquartered in Riyadh, Saudi Arabia.

Nofoth Food Products Dividend Announcement

• Nofoth Food Products announced a annually dividend of ر.س0.20 per ordinary share which will be made payable on 2024-07-16. Ex dividend date: 2024-06-25
• Nofoth Food Products annual dividend for 2024 was ر.س0.20
• Nofoth Food Products annual dividend for 2023 was ر.س20.00
• Nofoth Food Products's trailing twelve-month (TTM) dividend yield is 1.16%
• Nofoth Food Products's payout ratio for the trailing twelve months (TTM) is 7.58%

Nofoth Food Products Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-25ر.س0.20annually2024-07-16
2023-06-20ر.س20.00annually2023-06-20

Nofoth Food Products Dividend per year

Nofoth Food Products Dividend Yield

Nofoth Food Products current trailing twelve-month (TTM) dividend yield is 1.16%. Interested in purchasing Nofoth Food Products stock? Use our calculator to estimate your expected dividend yield:

Nofoth Food Products Financial Ratios

P/E ratio26.06
PEG ratio1.46
P/B ratio7.75
ROE31.81%
Payout ratio7.58%
Current ratio2.52
Quick ratio2.20
Cash Ratio0.28

Nofoth Food Products Dividend FAQ

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