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 1.08%
Saudi Steel Pipes Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-06-24 | ر.س0.74 | semi annually | 2024-07-07 |
| 2015-07-12 | ر.س0.50 | semi annually | |
| 2015-04-02 | ر.س0.50 | semi annually | |
| 2013-07-17 | ر.س0.75 | semi annually | |
| 2013-04-06 | ر.س0.75 | semi annually | |
| 2012-03-20 | ر.س0.75 | semi annually | |
| 2011-10-01 | ر.س0.75 | semi annually | |
| 2011-03-08 | ر.س1.00 | semi 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 1.08%. Interested in purchasing Saudi Steel Pipes stock? Use our calculator to estimate your expected dividend yield:
Saudi Steel Pipes Financial Ratios
Saudi Steel Pipes Dividend FAQ
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.
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