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Dividend Yield: 4.8%

Dubai Refreshment (P.J.S.C.) has a history of volatile dividend payments over the past decade, but recent financials show potential stability. The company's Q1 2025 earnings report revealed an increase in net income to AED 30.17 million from AED 25.66 million year-on-year, supporting its current payout ratio of 66.6%. Despite a lower dividend yield of 4.76% compared to top AE market payers, dividends are well-covered by both earnings and cash flows with a cash payout ratio of 42.1%.

• Get an in-depth perspective on Dubai Refreshment (P.J.S.C.)'s performance by reading our dividend report here.

• The analysis detailed in our Dubai Refreshment (P.J.S.C.) valuation report hints at an deflated share price compared to its estimated value.

Fourth Milling

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Fourth Milling Company operates in the Kingdom of Saudi Arabia, focusing on the production, packaging, and sale of flour and its byproducts, animal feed, and bran products, with a market cap of SAR2.12 billion.

Operations: Fourth Milling Company's revenue segments include the sale of flour and its byproducts, animal feed, and bran products in Saudi Arabia.

Dividend Yield: 5.6%

Fourth Milling Company recently reported Q1 2025 earnings with sales of SAR 170.14 million and net income of SAR 52.7 million, indicating growth from the previous year. The company is expanding its production capabilities with a SAR 265 million investment in Al-Kharj city, funded through sharia-compliant bank facilities and internal cash. While dividends are new, they are well-covered by earnings (67.5% payout ratio) and cash flows (49.9% cash payout ratio), offering a competitive yield in the SA market at 5.61%.

• Click here and access our complete dividend analysis report to understand the dynamics of Fourth Milling.

• The valuation report we've compiled suggests that Fourth Milling's current price could be quite moderate.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ADX:SCIDC DFM:DRC and SASE:2286.

This article was originally published by Simply Wall St.

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