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Arabian Drilling Co (SAU:2381) Dividend Yield % : 3.72% (As of May. 28, 2024)


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What is Arabian Drilling Co Dividend Yield %?

As of today (2024-05-28), the Trailing Annual Dividend Yield of Arabian Drilling Co is 3.72%.

Good Sign:

Arabian Drilling Co stock dividend yield is close to 1-year high.

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

SAU:2381' s Dividend Yield % Range Over the Past 10 Years
Min: 1.23   Med: 1.47   Max: 3.72
Current: 3.72

During the past 3 years, the highest Dividend Yield of Arabian Drilling Co was 3.72%. The lowest was 1.23%. And the median was 1.47%.

SAU:2381's Dividend Yield % is ranked worse than
55.4% of 500 companies
in the Oil & Gas industry
Industry Median: 4 vs SAU:2381: 3.72

Arabian Drilling Co's Dividend Payout Ratio for the three 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.

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.

As of today (2024-05-28), the Forward Dividend Yield % of Arabian Drilling Co is 3.72%.

Arabian Drilling Co's Dividends per Share for the three 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 Yield % Historical Data

The historical data trend for Arabian Drilling Co's Dividend Yield % 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 Yield % Chart

Arabian Drilling Co Annual Data
Trend Dec21 Dec22 Dec23
Dividend Yield %
- - 1.34

Arabian Drilling Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - 1.34 2.98

Competitive Comparison of Arabian Drilling Co's Dividend Yield %

For the Oil & Gas Drilling subindustry, Arabian Drilling Co's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Yield % Distribution in the Oil & Gas Industry

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

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



Arabian Drilling Co Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Arabian Drilling Co Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
SAR 2.5300002024-03-192024-03-202024-04-02Cash Dividendsemi-annuallySAR:SAR 1.000000
SAR 2.5300002023-11-022023-11-052023-11-13Cash Dividendsemi-annuallySAR:SAR 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Arabian Drilling Co's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=5.06/135.40
=3.74 %

Current Share Price is ﷼135.40.
Arabian Drilling Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is ﷼5.06.

Arabian Drilling Co's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=5.06/135.40
=3.74 %

Current Share Price is ﷼135.40.
Arabian Drilling Co's Dividends per Share for the forward twelve months is calculated as ﷼2.53 * 2 = ﷼5.06.

* 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.


Arabian Drilling Co  (SAU:2381) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Arabian Drilling Co Dividend Yield % Related Terms

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Arabian Drilling Co (SAU:2381) Business Description

Traded in Other Exchanges
N/A
Address
P.O.Box 4110, Al-Khobar, SAU, 31952
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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