Arabian Drilling Dividend
Dividend criteria checks 2/6
Arabian Drilling is a dividend paying company with a current yield of 3.35% that is well covered by earnings.
Key information
3.4%
Dividend yield
74%
Payout ratio
| Industry average yield | 2.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | ر.س6.79 |
| Dividend yield forecast in 3Y | 5.0% |
Recent dividend updates
No updates
Recent updates
Results: Arabian Drilling Company Exceeded Expectations And The Consensus Has Updated Its Estimates
Mar 22
Returns On Capital At Arabian Drilling (TADAWUL:2381) Have Stalled
Feb 22Slowing Rates Of Return At Arabian Drilling (TADAWUL:2381) Leave Little Room For Excitement
Nov 08Analysts Are Updating Their Arabian Drilling Company (TADAWUL:2381) Estimates After Its Third-Quarter Results
Nov 08Does This Valuation Of Arabian Drilling Company (TADAWUL:2381) Imply Investors Are Overpaying?
Jul 18Pinning Down Arabian Drilling Company's (TADAWUL:2381) P/E Is Difficult Right Now
Feb 13Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 2381's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 2381's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Arabian Drilling Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2381) | 3.4% |
| Market Bottom 25% (SA) | 1.6% |
| Market Top 25% (SA) | 4.7% |
| Industry Average (Energy Services) | 2.7% |
| Analyst forecast in 3 Years (2381) | 5.0% |
Notable Dividend: 2381's dividend (3.35%) is higher than the bottom 25% of dividend payers in the SA market (1.56%).
High Dividend: 2381's dividend (3.35%) is low compared to the top 25% of dividend payers in the SA market (4.59%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (74.5%), 2381's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 2381 is paying a dividend but the company has no free cash flows.