Leejam, Nofoth, Budget Saudi: TASI Ex-Dividend Moves Today
Leejam, Nofoth, and Budget Saudi trade ex-dividend on TASI today. New buyers after today miss the first-quarter payout. Share prices adjust lower.
Alpha Score of 67 reflects moderate overall profile with strong momentum, strong value, weak quality, moderate sentiment.
Leejam and Nofoth began trading ex-dividend on the Saudi Exchange Thursday, June 18, for their first-quarter 2026 payouts. Budget Saudi also went ex-dividend the same day, according to Tadawul data.
An ex-dividend date means investors who buy the shares after today will not receive the declared dividend. The stock price typically adjusts downward by the dividend amount at the open. For Leejam and Nofoth, the first-quarter distribution follows their regular payout schedule. Budget Saudi's dividend had been approved by its board earlier this year.
Short-term traders sometimes target ex-dividend dates to capture the payout, though tax treatment and the automatic price adjustment affect the net return. Institutional investors often reposition around these dates based on their dividend reinvestment plans.
The three stocks are among several TASI-listed companies with ex-dividend events this month. More payouts are expected in the coming weeks as Saudi corporate earnings season winds down.
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