Paz Oil Company Ltd., together with its subsidiaries, refines, produces, stores, imports, and markets fuel products in Israel and internationally. The company markets oil and fuel products through 275 fueling stations, and food and convenience products through 235 Yellow market stores; leases stores; and provides engineering, maintenance, and logistic services for the retail complexes. It is also involved in the direct marketing of fuel products to institutional customers, industries, and other enterprises, as well as to car fleets and the Palestinian Authority. In addition, the company markets condensed hydrocarbon gas for cooking and heating; produces, imports, markets, and exports automotive lubricants and chemicals; develops, produces, markets, and exports sealing and insulation solutions, bitumen, coatings, and adhesives for the transportation, infrastructure, and construction industries; and supplies aviation fuel, as well as provides refueling services to aviation companies. Further, it manufactures petroleum products and electricity; imports crude oil and field materials; and offers procurement services. The company was formerly known as The Shell Company of Palestine and changed its name to Paz Oil Company Ltd. in 1960. Paz Oil Company Ltd. was founded in 1922 and is based in Yakum, Israel.
Paz Oil Dividend Announcement
• Paz Oil announced a quarterly dividend of ₪2200.55 per ordinary share which will be made payable on 2024-10-01. Ex dividend date: 2024-09-15
• Paz Oil annual dividend for 2024 was ₪4543.63
• Paz Oil annual dividend for 2023 was ₪704.64
• Paz Oil's trailing twelve-month (TTM) dividend yield is 0.13%
• Paz Oil's payout ratio for the trailing twelve months (TTM) is 54.95%
Paz Oil Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-15 | ₪2200.55 | quarterly | 2024-10-01 |
2024-06-16 | ₪1640.05 | quarterly | 2024-07-01 |
2024-04-03 | ₪703.03 | quarterly | 2024-04-18 |
2023-12-21 | ₪704.64 | quarterly | 2024-01-02 |
2020-06-03 | ₪590.04 | quarterly | 2020-06-11 |
2019-04-04 | ₪2753.96 | quarterly | 2019-04-15 |
2018-03-26 | ₪3937.74 | quarterly | 2018-04-09 |
2016-12-15 | ₪2956.01 | quarterly | |
2015-12-17 | ₪1675.78 | quarterly | |
2015-07-05 | ₪2463.32 | quarterly | |
2014-12-08 | ₪2461.13 | quarterly | |
2014-01-15 | ₪2461.77 | quarterly | |
2011-12-11 | ₪1971.91 | quarterly | |
2011-01-03 | ₪2465.19 | quarterly | |
2010-04-12 | ₪2488.72 | quarterly | |
2008-11-18 | ₪2973.66 | quarterly | |
2008-02-12 | ₪2100.28 | quarterly | |
2007-04-18 | ₪866.92 | quarterly |
Paz Oil Dividend per year
Paz Oil Dividend growth
Paz Oil Dividend Yield
Paz Oil current trailing twelve-month (TTM) dividend yield is 0.13%. Interested in purchasing Paz Oil stock? Use our calculator to estimate your expected dividend yield:
Paz Oil Financial Ratios
Paz Oil Dividend FAQ
Other factors to consider when evaluating Paz Oil 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: Paz Oil'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, Paz Oil 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, Paz Oil 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 Paz Oil 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: Paz Oil 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, Paz Oil distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Paz Oil 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 Paz Oil'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 Paz Oil'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.