Saudi Advanced Industries Company invests in various industrial projects in the Kingdom of Saudi Arabia. It operates in Petrochemical, Glass Industry, Industrial Services, Financial Services and Investments, and Other segments. The company, through its investments, offers heavy maintenance and modification services for civil and military aircrafts; and aromatic or cyclic compounds, purified tralic acids, and polyester granules for bottles and packaging. It also provides marine and geophysical studies; ocean study; and seismic survey, as well as geodetic studies and mapping for the exploration and development of hydrocarbons, minerals, groundwater resources, and natural resources. In addition, the company operates heavy sealers and multi-purpose marine self-propelled platforms for drilling in the gulf waters and oil wells, as well as provides drilling services for oil and gas extraction. Further, it manufactures petrochemicals; and provides mortgage services to individuals and banks. Additionally, the company wholesales and retails glass; provides raw materials for glass and accessories, as well as offers coloring, cutting, and installation of glass. Saudi Advanced Industries Company was founded in 1987 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
Saudi Advanced Industries Dividend Announcement
• Saudi Advanced Industries announced a annually dividend of ر.س1.00 per ordinary share which will be made payable on 2024-06-30. Ex dividend date: 2024-06-11
• Saudi Advanced Industries annual dividend for 2024 was ر.س1.00
• Saudi Advanced Industries annual dividend for 2023 was ر.س0.50
• Saudi Advanced Industries's trailing twelve-month (TTM) dividend yield is 2.73%
• Saudi Advanced Industries's payout ratio for the trailing twelve months (TTM) is 20.08%
• Saudi Advanced Industries's dividend growth over the last five years (2018-2023) was 19.14% year
Saudi Advanced Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-11 | ر.س1.00 | annually | 2024-06-30 |
2023-06-05 | ر.س0.50 | annually | 2023-06-19 |
2022-06-01 | ر.س0.75 | annually | 2022-06-15 |
2021-06-24 | ر.س0.21 | annually | 2021-07-05 |
2021-06-01 | ر.س0.25 | annually | |
2020-08-31 | ر.س0.21 | annually | 2020-09-15 |
2019-03-03 | ر.س0.21 | annually | 2019-03-13 |
2018-02-06 | ر.س0.21 | annually | 2018-02-22 |
2017-07-04 | ر.س0.21 | annually | 2017-07-19 |
2015-04-20 | ر.س0.42 | annually |
Saudi Advanced Industries Dividend per year
Saudi Advanced Industries Dividend growth
Saudi Advanced Industries Dividend Yield
Saudi Advanced Industries current trailing twelve-month (TTM) dividend yield is 2.73%. Interested in purchasing Saudi Advanced Industries stock? Use our calculator to estimate your expected dividend yield:
Saudi Advanced Industries Financial Ratios
Saudi Advanced Industries Dividend FAQ
Other factors to consider when evaluating Saudi Advanced Industries 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: Saudi Advanced Industries'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, Saudi Advanced Industries 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, Saudi Advanced Industries 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 Saudi Advanced Industries 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: Saudi Advanced Industries 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, Saudi Advanced Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Saudi Advanced Industries 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 Saudi Advanced Industries'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 Saudi Advanced Industries'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.