Arabian Steel Pipes Manufacturing Dividends and Buybacks
Dividend criteria checks 2/6
Arabian Steel Pipes Manufacturing is a dividend paying company with a current yield of 6.67% that is well covered by earnings.
Key information
6.7%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | 4.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | د.أ0.080 |
| Payout ratio | 52% |
Recent dividend and buyback updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: ASPMM has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ASPMM's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
| Arabian Steel Pipes Manufacturing Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ASPMM) | 6.7% |
| Market Bottom 25% (JO) | 4.5% |
| Market Top 25% (JO) | 7.7% |
| Industry Average (Metals and Mining) | 2.8% |
| Analyst forecast (ASPMM) (up to 3 years) | n/a |
Notable Dividend: ASPMM's dividend (6.67%) is higher than the bottom 25% of dividend payers in the JO market (4.54%).
High Dividend: ASPMM's dividend (6.67%) is low compared to the top 25% of dividend payers in the JO market (7.72%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (52%), ASPMM's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (409.3%), ASPMM's dividend payments are not well covered by cash flows.