company-logo

United Mining Industries Company produces and sells range of gypsum products. It offers gypsum and fiber cement boards, and gypsum slabs, as well as metal profiles and accessories for use in residential and commercial development. The company was founded in 2006 and is headquartered in Jeddah, the Kingdom of Saudi Arabia.

United Mining Industries Dividend Announcement

United Mining Industries announced a semi annually dividend of ر.س0.70 per ordinary share which will be made payable on 2024-09-17. Ex dividend date: 2024-09-04
United Mining Industries annual dividend for 2024 was ر.س1.40
United Mining Industries annual dividend for 2023 was ر.س0.70
United Mining Industries's trailing twelve-month (TTM) dividend yield is 6.46%
United Mining Industries's payout ratio for the trailing twelve months (TTM) is 74.24%

United Mining Industries Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-04ر.س0.70semi annually2024-09-17
2024-03-26ر.س0.70semi annually
2023-12-11ر.س0.70semi annually2023-12-18

United Mining Industries Dividend per year

United Mining Industries Dividend Yield

United Mining Industries current trailing twelve-month (TTM) dividend yield is 6.46%. Interested in purchasing United Mining Industries stock? Use our calculator to estimate your expected dividend yield:

United Mining Industries Financial Ratios

P/E ratio12.70
PEG ratio0.97
P/B ratio2.49
ROE20.57%
Payout ratio74.24%
Current ratio1.23
Quick ratio0.81
Cash Ratio0.20

United Mining Industries Dividend FAQ

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