Aramco Dividend Distribution Table 2024: Full Details and Financial Analysis

The Aramco Dividend Distribution Table 2024 is a pivotal document for liquidity and investment flows in the Saudi financial market (Tadawul). Saudi Aramco is the largest listed company by market capitalization and profits, and its annual cash dividends are a key source of returns for both individual and institutional investors, as well as a primary financial resource for the Saudi state through its shareholding. Regular distributions enhance investor confidence in the market, with Aramco providing consistent quarterly cash flows and additional performance-linked dividends, boosting the Saudi market's appeal to both local and international investors. These distributions directly impact liquidity indicators, stock valuations, and trading behavior, and play a vital role in stabilizing share prices over the medium and long term. Thus, the 2024 Aramco dividend table is not just a periodic announcement but a strategic tool to regulate market rhythm and ensure continued profit flows even amid global oil price fluctuations.

When Aramco went public in 2019, the company committed to an annual dividend policy of at least $75 billion for ten years (2019–2028). This historic commitment made Aramco’s dividends among the largest globally, attracting a broad base of income-seeking investors. Aramco’s dividends are divided into two main types: regular (fixed) distributions paid quarterly, and performance dividends announced based on the company’s annual results. In 2024, Aramco maintained this approach, with regular dividends per quarter at SAR 0.3145 for the first three quarters, rising to SAR 0.3278 in the fourth quarter. Performance dividends were SAR 0.1670 per quarter in 2024, with adjustments in 2025 in line with profit declines. This progression highlights Aramco’s ability to maintain stable distributions while retaining flexibility to adapt to market and financial changes, especially as the ten-year commitment period ends in 2028.

Saudi Aramco announced its 2024 dividend distribution schedule on its official website, providing precise details on entitlement and payment dates for each quarter, as well as the cash values for both regular and performance dividends. Here is a summary of the published schedule:
- Q1 2024: Regular dividend SAR 0.3145/share (entitlement May 14, 2024; payment May 23, 2024), performance dividend SAR 0.1670/share.
- Q2 2024: Regular dividend SAR 0.3145/share (entitlement August 20, 2024; payment August 29, 2024), performance dividend SAR 0.1670/share.
- Q3 2024: Regular dividend SAR 0.3145/share (entitlement November 14, 2024; payment November 26, 2024), performance dividend SAR 0.1670/share.
- Q4 2024: Regular dividend SAR 0.3278/share (entitlement March 17, 2025; payment March 26, 2025), performance dividend SAR 0.0034/share.
This brings the total regular dividends for 2024 to approximately SAR 1.2713/share, and total performance dividends to SAR 0.5044/share. These figures reflect Aramco’s commitment to a sustainable distribution policy and its ability to fulfill shareholder commitments despite market volatility.

Aramco’s dividend policy relies on two components: regular dividends and performance dividends. Regular dividends are the base value announced each quarter, representing the minimum expected by shareholders and based on the company’s long-term policy. Performance dividends are additional payments made based on the previous fiscal year’s results or exceptional performance in certain quarters. In 2024, performance dividends were SAR 0.1670/share each quarter, but dropped significantly in 2025 to SAR 0.0034/share per quarter due to lower net income. This mechanism allows Aramco to maintain stable regular distributions while rewarding shareholders in strong years and provides flexibility to adjust to structural changes in profitability without affecting the overall image of stability.

2024 saw a notable decline in Aramco’s profits compared to 2023, with net income falling by about 13% to SAR 393.9 billion. This drop resulted from lower crude oil prices and production volumes, as well as reduced margins in refined and chemical products. Despite this, Aramco continued its commitment to shareholder cash distributions, with total payouts reaching nearly $74 billion. Earnings per share (EPS) for 2024 stood at approximately SAR 1.628, down from the previous year. This commitment demonstrates the company’s ability to manage cash flows efficiently while maintaining a relatively high level of distributions even during downturns. The additional performance dividend also reflects Aramco’s prudent policies to continue attracting investors despite global market changes.

When comparing Aramco’s 2024 dividend table with major oil companies like ExxonMobil, Chevron, Royal Dutch Shell, and BP, it becomes clear that Aramco leads in total payouts to shareholders. This is due to its large production scale and operational cost efficiency in Saudi Arabia. While Aramco’s annual dividends reach about $75 billion, competitors often pay less, even in strong years. Locally, no listed oil company matches Aramco in terms of distributions or scale; even SABIC—despite its significance in petrochemicals—became wholly owned by Aramco in 2024. Aramco’s dividend yield is among the highest in the Saudi market, outperforming most other blue-chip stocks and reinforcing its position as a prime choice for those seeking regular income from equities.

Aramco adheres to precise entitlement and payment dates, enhancing investor confidence and providing clarity for financial planning. The entitlement date is typically the last day to purchase the share with the right to receive the dividend, while payment is made about a week to ten business days after entitlement. In 2024, entitlement dates for the four quarters were: May 14, August 20, November 14, 2024, and March 17, 2025 (for Q4 2024). Payment dates were May 23, August 29, November 26, 2024, and March 26, 2025, respectively. This regularity allows investors to predict cash flows and helps investment funds manage their portfolios efficiently, contributing to share price stability around entitlement dates.

Aramco’s profits are closely tied to global oil prices, with any rise or fall in Brent or WTI prices directly affecting the company’s net revenues. In 2024, the drop in oil prices from above $80 to around $70 per barrel led to a 13% decline in net income, partially impacting performance dividends. Nevertheless, Aramco maintained its regular dividends with little change, indicating the strength of its financial position and its ability to absorb market shocks. This demonstrates that Aramco’s strategy is based on providing stability to shareholders, even under unfavorable market conditions, with only minor adjustments to performance-linked distributions based on annual results.

Aramco’s share price in 2024 fluctuated between SAR 31 and 33, before dropping in early 2025 to levels between SAR 25 and 27 due to lower oil prices and slowing global demand. At SAR 26 per share and earnings of SAR 1.628 per share for the year, the price-to-earnings (P/E) ratio was about 16x, which is competitive compared to global and local peers. Market capitalization ranged between SAR 6.5 and 7 trillion (about $1.7–1.9 trillion). With annual dividends (SAR 3.05 regular and SAR 0.668 performance in 2024), the dividend yield reached around 12% at times, enhancing the stock’s attractiveness, especially during periods of market stability or decline.

In April 2024, Aramco completed its full acquisition of SABIC for SAR 259 billion. This acquisition strengthened Aramco’s position as the world’s largest integrated oil and petrochemical producer and is expected to contribute to medium-term revenue growth and increased income diversification. However, the deal temporarily increased financial obligations due to acquisition financing, which may affect distributable cash flows in the short term. Nevertheless, Aramco continued to maintain a high level of regular dividends, with minor adjustments to performance dividends in line with new profitability results. The SABIC acquisition is a strategic step supporting long-term dividend sustainability, despite short-term impacts on cash flow.

Aramco’s dividends play a crucial role in funding the state budget and supporting Vision 2030 projects. The government’s substantial stake in Aramco provides liquidity for development spending and strategic projects, while also stabilizing the country’s financial reserves. In 2024, the government continued to rely on Aramco’s returns to meet Vision 2030 requirements, showing flexibility in support and distribution policies according to market conditions. Aramco’s commitment to dividends reflects state policy to maintain financial market stability and bolster both foreign and domestic investor confidence in the national economy. Thus, the 2024 Aramco dividend table is part of a broader financial and economic system supporting stability and growth in the Kingdom.

Aramco’s dividends are a key factor influencing investment decisions by individuals and institutions in the Saudi financial market. Cash dividends provide a regular income source, making the stock more attractive to investors seeking stable returns, especially amid share price volatility. Dividend dates also affect trading activity, with trading volumes typically rising before entitlement dates as some investors buy shares to receive dividends. Conversely, the stock may see a slight decline after dividend distribution as some investors exit after receiving payouts. This behavior adds dynamism to the market and balances long-term investing with short-term speculation.

Throughout 2024, Aramco maintained regular dividend announcements and payments, with ongoing updates via the company’s website and the Tadawul platform. Key news included the completion of the full SABIC acquisition, continued dividend policy despite lower quarterly profits, and the launch of expansion projects in renewables and blue hydrogen. Credit rating agencies (such as Fitch and S&P) maintained high ratings for Aramco with a stable outlook, reflecting the company’s strong financial position and ability to meet shareholder commitments. Additionally, share price fluctuations were linked to oil price changes, but regular dividends helped mitigate the impact of these fluctuations on investor confidence.

As the end of the $75 billion annual dividend commitment period approaches in 2028, investors are questioning the future of Aramco’s dividend policy. Up to mid-2025, the company has not announced any fundamental changes to this policy, continuing to pay relatively high dividends with the possibility of adjusting performance dividends based on annual profitability. Aramco is expected to maintain its stable dividend approach, especially given the ongoing importance of its returns to state finances and Vision 2030 projects. However, any major changes in global oil prices or the company’s financial performance may prompt management to reassess future distribution levels. It is important to follow official reports and periodic disclosures for the latest information on dividend policy.