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Riyadh Cables Group Company manufactures and supplies various types of wires and cables to the power transmission and communication sectors in the Kingdom of Saudi Arabia. The company offers wires; low and medium voltage cables; high and extra high voltage cables; overhead lines conductors cables, including overhead lines conductors, aerial bundle cables, and high temperature low sag conductors; instrumentation and control, renewable energy, and fiber optic and telephone cables; and raw materials, such as copper rod plants, aluminum rod plants, XLPE, PVC insulation compounding, and wood and steel drums. It also provides cables installation, cables jointing, on-site testing and commissioning, cables system design, installation system design, and technical training, as well as monitoring, repair, and maintenance services. In addition, the company exports its products to approximately 34 countries. Riyadh Cables Group Company was founded in 1984 and is based in Riyadh, the Kingdom of Saudi Arabia.

Riyadh Cables Dividend Announcement

• Riyadh Cables announced a semi annually dividend of ر.س1.50 per ordinary share which will be made payable on 2024-10-01. Ex dividend date: 2024-09-22
• Riyadh Cables annual dividend for 2024 was ر.س3.00
• Riyadh Cables annual dividend for 2023 was ر.س2.50
• Riyadh Cables's trailing twelve-month (TTM) dividend yield is 2.1%
• Riyadh Cables's payout ratio for the trailing twelve months (TTM) is 53.63%

Riyadh Cables Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-22ر.س1.50semi annually2024-10-01
2024-04-22ر.س1.50semi annually2024-05-06
2023-10-17ر.س1.00semi annually2023-11-05
2023-06-21ر.س1.50semi annually2023-07-13

Riyadh Cables Dividend per year

Riyadh Cables Dividend Yield

Riyadh Cables current trailing twelve-month (TTM) dividend yield is 2.1%. Interested in purchasing Riyadh Cables stock? Use our calculator to estimate your expected dividend yield:

Riyadh Cables Financial Ratios

P/E ratio30.67
PEG ratio0.56
P/B ratio8.10
ROE28.71%
Payout ratio53.63%
Current ratio1.40
Quick ratio0.73
Cash Ratio0.10

Riyadh Cables Dividend FAQ

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