Qatar Islamic Bank (Q.P.S.C.), together with its subsidiaries, offers banking products and services in Qatar and internationally. The company operates through four segments: Corporate Banking, Personal Banking, Group Function, and Local & International Subsidiaries. It offers current, savings/call, multicurrency, and time deposit accounts; certificates of deposit; and credit and debit cards. The company also provides personal, car, home, working capital, asset, mortgage and real estate, project, contracting, start-up business, trade, luxury goods, and fleet and heavy equipment finance, as well as finance for general corporate purposes. In addition, it offers trade finance services, such as letters of credit, letters of guarantee, documentary/bills collection, shipping guarantees, and tariff trade services; and treasury services, including liquidity management, Sukuk, foreign exchange, and hedging services, as well as investment products. Further, the company provides education, auto, family shield, travel, group credit life, and saving Takaful programs; payroll, cash and cheque collection, overnight vaulting, and wealth management services; and Internet, phone, SMS, mobile, and automated teller machines and cash deposit machines banking services, as well as invests in real estate. It serves individual customers, institutional investors, corporates, small and medium enterprises, financial institutions, and investment entities. The company operates 22 branches in Qatar and 1 branch in Sudan. Qatar Islamic Bank (Q.P.S.C.) was incorporated in 1982 and is headquartered in Doha, Qatar.
Qatar Islamic Bank Dividend Announcement
• Qatar Islamic Bank announced a semi annually dividend of ر.ق0.25 per ordinary share which will be made payable on 2024-08-01. Ex dividend date: 2024-07-25
• Qatar Islamic Bank annual dividend for 2024 was ر.ق0.97
• Qatar Islamic Bank annual dividend for 2023 was ر.ق0.62
• Qatar Islamic Bank's trailing twelve-month (TTM) dividend yield is 4.69%
• Qatar Islamic Bank's payout ratio for the trailing twelve months (TTM) is 51.51%
• Qatar Islamic Bank's dividend growth over the last five years (2018-2023) was -34.02% year
• Qatar Islamic Bank's dividend growth over the last ten years (2013-2023) was -16.40% year
Qatar Islamic Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-25 | ر.ق0.25 | semi annually | 2024-08-01 |
2024-02-22 | ر.ق0.72 | semi annually | |
2023-02-23 | ر.ق0.62 | semi annually | 2023-04-01 |
2022-02-23 | ر.ق0.57 | semi annually | 2022-02-24 |
2021-02-23 | ر.ق0.40 | semi annually | 2021-04-01 |
2020-02-25 | ر.ق0.53 | semi annually | 2020-04-01 |
2019-02-21 | ر.ق5.00 | semi annually | 2019-04-01 |
2018-02-22 | ر.ق5.00 | semi annually | 2018-04-01 |
2017-02-22 | ر.ق4.75 | semi annually | 2017-04-01 |
2016-02-23 | ر.ق4.25 | semi annually | |
2015-02-23 | ر.ق4.25 | semi annually | |
2014-02-25 | ر.ق4.00 | semi annually | |
2013-02-25 | ر.ق3.75 | semi annually |
Qatar Islamic Bank Dividend per year
Qatar Islamic Bank Dividend growth
Qatar Islamic Bank Dividend Yield
Qatar Islamic Bank current trailing twelve-month (TTM) dividend yield is 4.69%. Interested in purchasing Qatar Islamic Bank stock? Use our calculator to estimate your expected dividend yield:
Qatar Islamic Bank Financial Ratios
Qatar Islamic Bank Dividend FAQ
Other factors to consider when evaluating Qatar Islamic Bank 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: Qatar Islamic Bank'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, Qatar Islamic Bank 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, Qatar Islamic Bank 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 Qatar Islamic Bank 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: Qatar Islamic Bank 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, Qatar Islamic Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Qatar Islamic Bank 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 Qatar Islamic Bank'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 Qatar Islamic Bank'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.