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Tourism Enterprises Co. engages in the managing of business and tourism buildings in the Kingdom of Saudi Arabia. The company manages chalets, motels, hotels, parks, restaurants, cities, playgrounds, swimming pools, rest houses, central service stations, and other services. It owns and operates the Palm Beach Resort. The company was founded in 1991 and is based in Dammam, the Kingdom of Saudi Arabia.

Tourism Enterprises Dividend Announcement

• Tourism Enterprises does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Tourism Enterprises dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

Tourism Enterprises Dividend History

Tourism Enterprises Dividend Yield

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

Tourism Enterprises Financial Ratios

P/E ratio-27.52
PEG ratio-0.17
P/B ratio2.16
ROE-7.72%
Payout ratio0.00%
Current ratio20.12
Quick ratio20.12
Cash Ratio19.90

Tourism Enterprises Dividend FAQ

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