Aldawaa Medical Services Ex-Dividend: 6.3% Capital Payout

Aldawaa Medical Services Co. shares trade ex-dividend today, July 6. The company is paying a cash dividend of 6.3% of its share capital, the board announced in a statement to the Saudi Stock Exchange.

The ex-dividend date means investors who buy the stock today will not receive the dividend. Only shareholders of record as of the close of trading on July 5 are entitled. The stock's opening price on Tadawul will be adjusted downward by the dividend amount, a standard exchange mechanic.

The dividend is a payout from the company's capital base. The payment date has not yet been set. Dividend-capture traders often sell after the ex-dividend date, which can create short-term selling pressure. The adjustment itself does not change the company's underlying value.