Takween Advanced Industries produces and sells plastic packaging products in the Kingdom of Saudi Arabia and the Arab Republic of Egypt. It operates through Disposable Polystyrene Cups, Lids, and Other Plastic Related Products; and Non-Woven Fabrics segments. The company offers polyethylene terephthalate (PET) pre-forms and bottles for water, juices, and other beverages, and home and personal care products; HDPE bottles and containers; and flexible packaging products, including plastic films and sheets. It also provides caps and closures for the mineral water, soft drink, juice, dairy, and food industries; disposable white, semitransparent, and transparent polystyrene cups and lids for the beverage industry; and industrial crates, pallets, pails, buckets, plastic plates, cups, utensils, tables and chairs, and others, as well as drums. In addition, the company offers non-woven fabrics comprising polypropylene spunbonded and spunmelt nonwoven products for use in consumer, medical, or industrial applications; the construction, automotive, home furnishings, and packaging sectors; and babies' products, feminine care, etc., as well as gowns, drapes, and sterile wraps for medical applications. Further, it engages in the manufacture and wholesale trading of films; manufacture, wholesale, and retail trading of plastic containers and polyethylene cups, rolls, and bags; and management and operation of industrial centers. Additionally, the company owns land; establishes industrial institutes, and provides and coordinates training courses related to the development of plastic products; and establishes, manages, operates, and maintains various industrial projects, as well as engages in the import and export, wholesale, and retail of plastic products. The company was formerly known as Al-Othman Plastic Products. Takween Advanced Industries was founded in 1993 and is headquartered in Al Khobar, the Kingdom of Saudi Arabia.
Takween Advanced Industries Dividend Announcement
• Takween Advanced Industries announced a annually dividend of ر.س0.50 per ordinary share which will be made payable on 2014-04-29. Ex dividend date: 2014-04-02
• Takween Advanced Industries's trailing twelve-month (TTM) dividend yield is -%
Takween Advanced Industries Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2014-04-02 | ر.س0.50 | annually | 2014-04-29 |
| 2012-04-18 | ر.س1.35 | annually | 2012-05-02 |
Takween Advanced Industries Dividend per year
Takween Advanced Industries Dividend Yield
Takween Advanced Industries current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Takween Advanced Industries stock? Use our calculator to estimate your expected dividend yield:
Takween Advanced Industries Financial Ratios
Takween Advanced Industries 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.
Place an order: Use the brokerage's trading platform to place an order to buy Takween Advanced Industries 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.