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Saudi Steel Pipes Company manufactures and sells steel pipes in Saudi Arabia and internationally. It operates through Steel Pipe and Process Equipment segments. The Steel Pipe segment manufactures welded steel pipes by high frequency induction welding and galvanizing, coating, threading, and bending of the pipes used in oil and gas, water, and construction sectors. The Process Equipment segment designs, manufactures, assembles, and maintains heavy process equipment for the utilization of oil and gas, power generation, desalination, mining, solar energy, and offshore plants. The company manufactures black and galvanized steel pipes, ERW/HFI galvanized and threaded steel pipes and seamless pipes, pipes with three-layer external coating by polyethylene and polypropylene in different diameters, pipes with epoxy coating inside, bended pipes in different diameters, space frames, and submerged arc welded pipes, as well as stationary process equipment. It also wholesales iron and steel tubes and hollow shapes; ferrous and non-ferrous metal pipes and accessories; locks, hinges, and other hand tools and metal accessories; and construction and metal materials. Saudi Steel Pipes Company was incorporated in 1980 and is headquartered in Dammam, Saudi Arabia.

Saudi Steel Pipes Dividend Announcement

• Saudi Steel Pipes announced a semi annually dividend of ر.س0.74 per ordinary share which will be made payable on 2024-07-07. Ex dividend date: 2024-06-24
• Saudi Steel Pipes annual dividend for 2024 was ر.س0.74
• Saudi Steel Pipes's trailing twelve-month (TTM) dividend yield is 1.09%

Saudi Steel Pipes Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-24ر.س0.74semi annually2024-07-07
2015-07-12ر.س0.50semi annually
2015-04-02ر.س0.50semi annually
2013-07-17ر.س0.75semi annually
2013-04-06ر.س0.75semi annually
2012-03-20ر.س0.75semi annually
2011-10-01ر.س0.75semi annually
2011-03-08ر.س1.00semi annually

Saudi Steel Pipes Dividend per year

Saudi Steel Pipes Dividend growth

Saudi Steel Pipes Dividend Yield

Saudi Steel Pipes current trailing twelve-month (TTM) dividend yield is 1.09%. Interested in purchasing Saudi Steel Pipes stock? Use our calculator to estimate your expected dividend yield:

Saudi Steel Pipes Financial Ratios

P/E ratio16.30
PEG ratio0.51
P/B ratio4.33
ROE28.42%
Payout ratio0.00%
Current ratio1.17
Quick ratio0.67
Cash Ratio0.17

Saudi Steel Pipes Dividend FAQ

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