Saudi Electricity Company engages in the generation, transmission, and distribution of electricity to governmental, industrial, agricultural, commercial, and residential consumers in the Kingdom of Saudi Arabia. It also establishes, leases, manages, and operates electric and fiber optic networks to provide telecommunication services; and offers support services in relation to the issuance of bonds and sukuk, as well as engages in the financing activities. In addition, the company manages construction projects; sets detailed designs; purchases materials; implements projects in the power sector; and provides communications, data transmission, and information technology services to individuals, public, and private institutions. It serves approximately 10.1 million customers. The company was incorporated in 2000 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
Saudi Electricity Dividend Announcement
• Saudi Electricity announced a annually dividend of ر.س0.70 per ordinary share which will be made payable on 2024-05-30. Ex dividend date: 2024-05-15
• Saudi Electricity annual dividend for 2024 was ر.س0.70
• Saudi Electricity annual dividend for 2023 was ر.س0.70
• Saudi Electricity's trailing twelve-month (TTM) dividend yield is 4.3%
• Saudi Electricity's payout ratio for the trailing twelve months (TTM) is 26.83%
• Saudi Electricity's dividend growth over the last five years (2018-2023) was -12.94% year
Saudi Electricity Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-15 | ر.س0.70 | annually | 2024-05-30 |
2023-05-10 | ر.س0.70 | annually | 2023-06-01 |
2022-05-18 | ر.س0.70 | annually | 2022-06-01 |
2021-04-28 | ر.س0.70 | annually | 2021-05-20 |
2020-06-03 | ر.س0.70 | annually | 2020-06-16 |
2019-05-01 | ر.س0.70 | annually | 2019-05-12 |
2018-06-26 | ر.س0.70 | annually | 2018-07-17 |
2018-05-16 | ر.س0.70 | annually | |
2017-04-20 | ر.س0.70 | annually | 2017-04-30 |
2016-04-26 | ر.س0.70 | annually | |
2015-04-21 | ر.س0.70 | annually | |
2014-04-16 | ر.س0.70 | annually | |
2013-04-16 | ر.س0.70 | annually |
Saudi Electricity Dividend per year
Saudi Electricity Dividend growth
Saudi Electricity Dividend Yield
Saudi Electricity current trailing twelve-month (TTM) dividend yield is 4.3%. Interested in purchasing Saudi Electricity stock? Use our calculator to estimate your expected dividend yield:
Saudi Electricity Financial Ratios
Saudi Electricity Dividend FAQ
Other factors to consider when evaluating Saudi Electricity 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.
Place an order: Use the brokerage's trading platform to place an order to buy Saudi Electricity 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.
1. Determination of Dividend: Saudi Electricity'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 Electricity 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 Electricity 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 Electricity 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 Electricity 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 Electricity 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 Electricity 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 Electricity'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 Electricity'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.