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Salama Cooperative Insurance Company provides insurance products and services in the United Arab Emirates, the Kingdom of Saudi Arabia, Algeria, Malaysia, Bahrain, Senegal, and Egypt. It operates through Medical, Motor, and Others segments. It offers motor insurance products that cover accident, fire, towing, malicious, theft, estimation, and medical expenses; and medical insurance for care, medicines, chronic diseases, vaccination, maternity and neonatal, physiotherapy, ophthalmology, dental care, oncology, and CCHI. The company also provides travel insurance comprising personal accidents, medical expenses, repatriation of mortal remains, lost baggage, passport loss, cash loss, personal liability, and accidental death; and malpractice insurance that provides specialties, flexible, and medical facilities coverage. In addition, it offers general insurance coverage, such as engineering, liability, marine, property, and general accident insurance products. The company was formerly known as Saudi IAIC Cooperative Insurance Company and changed its name to Salama Cooperative Insurance Company in 2012. Salama Cooperative Insurance Company was founded in 1979 and is based in Jeddah, the Kingdom of Saudi Arabia.

Salama Cooperative Insurance Dividend Announcement

• Salama Cooperative Insurance does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Salama Cooperative Insurance dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

Salama Cooperative Insurance Dividend History

Salama Cooperative Insurance Dividend Yield

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

Salama Cooperative Insurance Financial Ratios

P/E ratio11.33
PEG ratio0.11
P/B ratio2.04
ROE21.78%
Payout ratio0.00%
Current ratio14.39
Quick ratio14.39
Cash Ratio9.28

Salama Cooperative Insurance Dividend FAQ

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