Arabian Drilling Co (SAU:2381) Dividend Payout Ratio : 1.54 (As of Mar. 2024)

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What is Arabian Drilling Co Dividend Payout Ratio?

Arabian Drilling Co's dividend payout ratio for the months ended in Mar. 2024 was 1.54.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Arabian Drilling Co is 0.74, which seems too high.

The historical rank and industry rank for Arabian Drilling Co's Dividend Payout Ratio or its related term are showing as below:

SAU:2381' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.37 Med: 0.37 Max: 0.74
Current: 0.74

During the past 3 years, the highest Dividend Payout Ratio of Arabian Drilling Co was 0.74. The lowest was 0.37. And the median was 0.37.

SAU:2381's Dividend Payout Ratio is ranked worse than
66.89% of 453 companies
in the Oil & Gas industry
Industry Median: 0.45 vs SAU:2381: 0.74

As of today (2024-05-23), the Dividend Yield % of Arabian Drilling Co is 3.70%.

During the past 3 years, the highest Trailing Annual Dividend Yield of Arabian Drilling Co was 3.70%. The lowest was 1.23%. And the median was 1.47%.

Arabian Drilling Co's Dividends per Share for the months ended in Mar. 2024 was ﷼2.53.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Arabian Drilling Co Dividend Payout Ratio Historical Data

The historical data trend for Arabian Drilling Co's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Arabian Drilling Co Dividend Payout Ratio Chart

Arabian Drilling Co Annual Data

Trend

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.37

Arabian Drilling Co Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial						-	-	-	1.24	1.54

Competitive Comparison of Arabian Drilling Co's Dividend Payout Ratio

For the Oil & Gas Drilling subindustry, Arabian Drilling Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Arabian Drilling Co's Dividend Payout Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Arabian Drilling Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Arabian Drilling Co's Dividend Payout Ratio falls into.

Arabian Drilling Co Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Arabian Drilling Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	2.53	/	6.79
	=	0.37

Arabian Drilling Co's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2024 )	/	EPS without NRI (Q: Mar. 2024 )
	=	2.53	/	1.64
	=	1.54

Arabian Drilling Co (SAU:2381) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Arabian Drilling Co Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Arabian Drilling Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Arabian Drilling Co (SAU:2381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arabian Drilling Co (SAU:2381) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 4110, Al-Khobar, SAU, 31952

Website

https://www.arabdrill.com

Arabian Drilling Co is an onshore and offshore gas and oil rig drilling company in Saudi Arabia. It is principally engaged in the drilling of oil and natural gas wells, operations, maintenance and hauling of rigs and related activities. The operating segment of the company Provision of drilling and related services through land rigs and Provision of drilling and related services through off-shore rigs. Majority of revenue is generated from Provision of drilling and related services through land rigs.

Arabian Drilling Co (SAU:2381) Headlines

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