Aramco Dividend Distribution Table 2024: Everything You Need to Know About

Saudi Arabian Oil Company (Aramco) is a cornerstone of the Saudi national economy and stands as the world’s largest oil and gas company by reserves, production, and market value. Established in the mid-20th century to manage the Kingdom’s oil resources, Aramco gradually transformed into a publicly listed company after its historic IPO on the Saudi Stock Exchange (Tadawul) in 2019. The Saudi government still holds the majority stake (over 90%), providing Aramco with unique financial and strategic support. Aramco’s stock is a major component of the Saudi main index (TASI), so any change in its dividend policy directly impacts market liquidity and trends. Furthermore, Aramco’s annual dividends play a central role in funding the Kingdom’s general budget and support government spending plans under Vision 2030. Close monitoring of Aramco’s dividend schedules and quarterly disclosures has become a top priority for investors and analysts due to its broad influence on the investment climate in Saudi Arabia.

Aramco’s dividend policy has evolved significantly in recent years. After previously paying dividends annually or semi-annually, the company shifted to a quarterly distribution system in 2023. This change was made to meet the Saudi government’s liquidity needs and to align with global best practices among energy companies, as more frequent payouts provide greater stability for shareholders and add momentum to the financial market. In 2024, Aramco continued this approach, announcing cash dividends after the end of each financial quarter, with payment dates set in advance. The payout amounts depend on quarterly earnings, oil prices, and the financial needs of major shareholders. Aramco also aims to maintain a relatively stable dividend yield, even amid oil price volatility, to remain attractive to income-seeking investors.

The Aramco Dividend Distribution Table 2024 details the schedule and cash dividend values announced for each quarter. Based on official data and company reports, the 2024 dividend payouts are approximately as follows:

- Q4 2023 (paid in April 2024): SAR 50 billion (approx. $13.35 billion)
- Q1 2024 (paid in July 2024): SAR 46 billion (approx. $12.3 billion)
- Q2 2024 (paid in October 2024): SAR 42 billion (approx. $11.2 billion)
- Q3 2024 (paid in January 2025): SAR 48 billion (approx. $12.8 billion)

This table demonstrates Aramco’s consistent quarterly distribution policy, with slight fluctuations in payout values depending on performance and oil prices. The total annual payout is about $60 billion (SAR 225 billion), placing Aramco among the world’s top companies in terms of cash dividend value.

Aramco’s profits and dividends are primarily driven by global oil prices, given the company’s heavy reliance on crude oil exports and related products. Rising Brent or WTI prices boost revenues and profits, positively affecting dividend values. Conversely, falling prices reduce realized profits, but Aramco often maintains a relatively high payout level through government support and prudent financial management. In 2024, price volatility led to some quarterly changes in dividend amounts, yet the company continued to distribute a significant portion of net profit—typically between 50% and 60%. Aramco’s flexibility in sustaining dividends, even amid energy price swings, is a key strength in the financial market.

When comparing Aramco’s 2024 dividend table with major oil companies such as ExxonMobil, Shell, and BP, Aramco stands out in terms of total cash payouts and dividend yield. While other global oil majors typically pay annual or semi-annual dividends, Aramco now offers quarterly distributions, providing investors with more regular income. Moreover, Aramco’s dividend yield reached around 6-7% in 2024, a high rate compared to sector peers. This leadership reflects the company’s strong financial position, sustainable cash flows, and ongoing government backing. Although Aramco’s payouts may temporarily decline if oil prices fall sharply, they have historically remained among the highest globally.

Aramco’s dividend distributions are based on a set of core financial indicators that reflect the company’s performance and policy sustainability. These include:
- Net profit: Aramco posted net profits exceeding $27 billion in some quarters of 2024, with a slight decline due to oil price fluctuations.
- Quarterly revenues: Q1 2025 revenues reached $108.1 billion, compared to $107.2 billion in Q1 2024.
- Price-to-earnings ratio (P/E): Ranged between 25 and 30 in 2024, a healthy level for the energy sector and a sign of investor confidence in earnings continuity.
- Annual dividend yield: Approached 6-7% of the share price, equivalent to about SAR 4.4 per share annually.
These indicators confirm Aramco’s ability to continue paying regular, attractive dividends to investors in the Saudi market.

The dividend yield on Aramco shares is calculated by dividing the annual dividend per share by the average share price over the same period. For example, if the total annual dividend is SAR 4.4 per share and the average share price is SAR 34, the yield is 4.4 ÷ 34 ≈ 12.9%. However, the officially reported yield by Aramco is between 6% and 7%, as some distributions may be affected by price fluctuations or exceptional decisions. This yield is among the highest in the Saudi market, highlighting Aramco’s strength as a reliable income source for long-term investors. Investors should monitor company announcements and ex-dividend dates to secure this yield.

The Aramco Dividend Distribution Table 2024 is a vital tool for investment planning, providing investors with the expected payout dates and amounts for each quarter. This enables investors to estimate expected cash flows from their holdings and manage their portfolios more effectively. The table also allows for performance comparisons with other companies and offers a clear view of Aramco’s approach to variable profits. Institutions use the table to manage liquidity and determine optimal times for reinvestment or divestment. Therefore, it is always advisable to consult the official table published by Aramco or through trusted financial analysis platforms to stay updated on the latest changes.

Aramco’s dividend distributions are a major factor influencing the dynamics of the Saudi financial market (Tadawul). When high dividends are announced, the stock becomes more attractive to income-seeking investors, which can increase demand and push the share price higher in the short term. Dividends also impact overall market liquidity, as large sums are injected into the local economy through individual and institutional shareholders. Additionally, Aramco’s consistent payouts help boost foreign investor confidence in the Saudi market, especially since the company maintains high distribution levels even during periods of lower oil prices. As such, Aramco’s dividend table is a key indicator of market health and stability.

Ownership data shows that the Saudi government, represented by the Public Investment Fund, holds over 90% of Aramco shares, with the remainder distributed among individual and institutional investors, both local and foreign. This structure makes the government the primary beneficiary of cash dividends, which are used to fund development projects under Vision 2030. Individual and institutional investors receive regular income based on their shareholding. The free float (publicly traded shares) accounts for 4-5% of total shares, increasing after the 2019 market listing. Understanding the ownership structure is crucial for analyzing distribution trends and assessing the impact of financial decisions on different investor groups.

The value of Aramco’s quarterly dividend distributions is affected by several key factors:
- Global oil and gas prices: Fluctuations directly impact profits and thus dividend amounts.
- Capital and investment expenditures: Increased spending on new projects (such as renewables or petrochemical expansion) can reduce distributable profits.
- Government policies: As the main shareholder, government budget needs may influence distribution policy.
- Global market developments: Geopolitical or technological changes can affect revenue streams.
- Debt obligations or external investments: The company may allocate part of profits to cover financing needs or acquisitions.
These factors collectively explain the minor changes observed in Aramco’s dividend table from quarter to quarter.

In 2024, Aramco continued its quarterly dividend policy, maintaining high payout levels despite a slight decline in net profit compared to the peak years of 2022-2023. The total annual payout reached nearly $60 billion, placing Aramco at the forefront of global energy companies in terms of cash dividends. The company also maintained regular disclosure of payout dates and values, enhancing investor confidence and market stability. Despite challenges from oil price volatility, Aramco demonstrated flexibility in managing its distributions in line with strategic objectives and the needs of major shareholders.